The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
BB, I think there is still hope in 2024. We have the analysis coming 2H, the Namibia interpretation starting in June, the new wells in Texas by year end, multiple interested parties in Leonis with Phoenix there for the ones who didn't make it.
Let's get the results of the reservoirs before we give up on 2024. It could lead to 3 discoveries registered at least.
PANR market value 5x 88E, with PANR having 1B shares to 88E 29B, yet the PANR SP is 200x 88E (all approx).
I think PANR is vastly overpriced compared to 88E especially when you compare potential.
PANR can only survive if they go massively into further debt or have a huge dilution to carry on the work needed and pay off the debt. It will happen soon and I reckon 50-100% dilution, yet even that leaves PANR sp 100x 88E so a market adjustment after the dilution likely, or a hefty discount on the dilution.
I wonder what the year end value will be after all that?
I voted against. I thought his remuneration was high before the results and would have expected he was a bit more humble now that the SP is dwindling away. He is on more than the average for a company of this size, his total potential being 137% above the industry average. I have always said that it doesn't matter what someone earns as long as they produce the goods, he hasn't.
I didn't realise until recently that AG was the finance guy before being head, but he has other directors there who are OG men so you would expect they would keep him on the straight and narrow. I voted for them to keep their post as we need experience in the team.
Maybe AG is one of these bosses who just doesn't listen to anyone under as he is the decision maker.
I too am glad Jaffa decided to share his wisdom, especially as English is obviously his second language. I'm sure once we peel away that outer layer Jaffa will be seen in his true colour.
Looking forward to the analysis ;)
To be fair Older, there were two sides infiltrating this board and both have mainly evaporated. Neither belonged and neither were welcome. I know you were added by a few on here as a deramper and I may have agreed but for the fact you did educate without belittling, unlike Scot who was a narcissist who did not hide the fact that PANR was his baby and nothing was better. Many spoke about his mental health and overbearing posts which often exceeded the word max but all I could see was a god like complex thinking that he was helping people and I truly believe he actually thought he was, hence the mental comments from others. I hope he finds peace now that he has stopped writing chapters of his self obsessed book on here.
I have to say it is nice not to have to read through pages of posts of nonsense, mainly from derampers, but strangely miss the interaction when some just could not help themselves and had to comment with little thought of the consequences.
Maybe now that both 88E and PANR are struggling share price wise we can all enjoy the peace and quiet, at least until one finds a partner.....
Thanks Brombarb, contacted my broker who sent encrypted email which I replied to with voting instruction as per request. It said they would vote for me.
I have no idea if they will or how they will vote so not a great service imo