Member Info for theAccountant

I doubt it will drop again like it did in Nov.

Bought back today below 6.20 after selling out in the 7s before Xmas. Great share for trading.

I managed to sell at 2.51 yesterday afternoon as I had the sense it would drop. Took a £200 hit but glad I did 😅

Good luck all.

Bought £15k today at £2.52.

Hoping today is just a blip with a household name like this.

Let's hope the Next and Sainsburys results tomorrow gives us a push up in advance of Thursday.

I agree - bought £13k worth at 23p yesterday. The hike in revenue and the Cosmen stake gives me confidence of a potential takeover in near future.

Actual close is 15.88 on L2

It was 26k worth gents. No way would I spend so much on shares especially on a share which is declining year on year 😅

Bought 26k earlier today for a quick trade.

Always been on my watchlist since Drastic Dave was appointed so can’t believe it has fallen so much.

I asked ChatGPT the question and the answer was the below. The key point alarming me is the current ratio being less than 1 which could mean an imminent cash raise in near future.

Here are the main reasons driving the crash:

🔻 1. Pause in Well Testing at Dubhe-1

Pantheon announced it is pausing testing of its Dubhe-1 appraisal well in Alaska through the winter instead of continuing active flow production testing. The initial flows were dominated by injected stimulation fluids, and the company needs more time for reservoir diagnostics. This pause disappointed investors who were looking for clear evidence of commercial flow rates. 

🔻 2. Operational Costs and Delays

Winter conditions and ongoing cleanup/testing have been expensive. Recent updates highlighted higher-than-expected costs (e.g., ~USD 8 million overrun) and daily winter flowback expenses, which increases pressure on the company’s limited cash resources. 

🔻 3. Halted Preparations for US Listing

The company also paused preparations for a planned US exchange listing as part of cost control, which investors may have interpreted as a reduction in strategic momentum or investor access. 

🔻 4. Weak Liquidity and Financial Ratios

Analyst commentary points out that Pantheon has weak liquidity (current ratio < 1) and high leverage, which raises concerns about funding needs and potential dilution if new capital is required. 

🔻 5. Heavy Selling and Volatility

The stock saw huge spikes in trading volume (several thousand percent above average) on the day of the crash, indicating panic selling or short-term traders exiting positions, which can amplify price moves in a thinly traded small-cap stock. 

AIM is dangerous, I feel for you investors in PANR.

I got burnt in COPL and learnt my lesson.

Good luck to holders.

@jsd15 - love it 😂😂😂

This is looking ripe for a takeover target again. Can’t believe it’s fallen close to £2 again.

It is hiring Michael Snape, currently CFO of Royal Mail parent company International Distribution Services, to succeed Wood with effect from March 6. Snape will join Entain as CFO-designate in February.

London-based International Distribution Services was acquired by EP Corporate, a vehicle of Czech billionaire Daniel Kretinsky, in a £3.6 billion takeover that completed back in June.

Maybe looking at a potential buyout in the near future?

Hopefully a blue finish today is the sign of the tide turning 🙏

Out of interest, how do the long term holders on here feel about management here? Can they be trusted. I’ve been burnt previously in AIM so trying to be careful,

I have average of 69p so hope this comes good in the next few weeks. I bought on the anticipation of the HAR1 projects with FID expected imminently.

Hi neon - I agree. However, I believe the group are prioritising their EPS rather than debt levels. However; there debt does seem manageable at this level.

Would be good to see some director buys though.

I know.

I managed to grab some at 5.99 but it’s kept falling 😅

Any reason why this is dropping today?

Hi mate, just out of interest, what is your average?

Come on folks, how many have you tried to catch the knife today and are now underwater.

Back up tomorrow especially after the director buy.