Member Info for theiceberg

Will this be the Warren who, the last time I had a conversation with him, was adamant that all SOLG needed to do was get rid of Nick. He was the problem as he didn’t treat Newcrest and BHP with respect. If we got rid of Nick a deal could be done in 12 months.

How did that go?

The problem with Warren is his ego.

The problem with SOLG is that they have no real strategy.

They have the best exploration licenses on the planet imo but are doing nothing with them. Barmy.

Anyway I don’t really want to spend much time on here as it can quickly become a bit toxic.

I’ve been buying for the first time since I sold when nick was booted out. I’ve been watching the sheer idiocy of the various ceos and board members and the hypocrisy of the cgp lot (ie The warrens of this world).

I have no faith in the bod except for their greed which at this price seems like a pretty good bet - although I don’t think it will go back to the level it was when nick went.

Not much good to say but 10p is too low even accounting for the market cap and extra shares.

James, silly me that must be the answer.

But wait….again looking at your history you said you had 700k shares when the share price was 24p. Just before this you also said you brought 400k shares in 5 tranches between 19p and 24p. So, and my maths could be wrong, the most you might have brought at 11p was 300k (I am assuming you’re telling the truth).

That still doesn’t make your 2m shares at anything close to 22p as, again according to your history you went from 700k shares to 2.1m shares and all but 100k of this was brought between 29 and 38p.

Maybe I am still not understanding this maths stuff.

Anyway enough from me.

I am sorry, I can only read that last paragraph as if it’s being said by Trump.

I’ll give you one last chance. As per your past comments - free for everyone to read, You said you had 700k shares when the SP was 24p (brought at 19-24p) You then said you’ve upped it to just under 2m shares( with most of the shares brought at 29-38p) and bragged your average is 22p - despite the SP never going near 22p.

As you’ve said I am really really thick, I have a really low IQ - please can you tell me how that maths works?

Thanks in advance.

Cbaron.

I don’t think anybody really cares whether he says when he buys and sells. It’s his choice as far as I am concerned.

However, it’s not a case of misinterpreting anything. Just don’t make it up as you go along and say that you’ve brought most of your shares at more than 25p then claim to have a 22p average. If you get caught lying about one thing, folks arnt going to believe you about anything.

It’s almost as bad as the “the share always go down on a Monday and up on a Tuesday” or “ the mms are corrupt and are trying to get your shares” or “the mms are trying to take out stop losses”.

It’s all playground BS. For long term holders it’s a pain as it leads to pumps and dumps- this leads to disgruntled shareholders and in 3 months time lots of complaining.

I know this won’t be popular but hey ho.

Just spent 5 wasted mins looking at jamessimon history...why do folks feel the need to constantly lie.?

Nobody cares its not a size contest and anybody with any sense just thinks you're @@@@.

20 times you've apparently topped up with 1m now.

You apparently have 2.1m shares at an avg of 22. Despite your first buy being at 19.6, despite having 700k at 24p then buying 1.4m between 25p and 36p

Even the lies you're saying don't stack up and make sense..

Please just stop....its embarrassing.

Totally agree blue. The largest seller of shares are mangrove who have been increasing their short again (see short tracker) and the pump and dump merchants who plundered the share when we rose up to 24p (a but quickly).

Good news to repay and no doubt done to provide some stability to the share and the market so it can rise (slowly and steadily) as we go through sept/oct. (No more pump and dump crews please).

Positive.

It has nothing to do with the licenses that pantheon hold.

Indeed it could be good as it means that pantheon holds the prime licenses between the two areas and on state and not federal land.

Re funding this has been said many times (funnily enough without ever getting a sensible response).

Even if the SP doesn't go up anymore, the maximum amount of shares issued in the next 3.5 months will be less than a single days volume(today). There is no mechanism on the planet for such a small amount of shares to effect and pull down the SP over such a period of time.

Downward spiral conversions tend to happen when 5-10% of a company's share issue are converted each month. Again at todays price the maximum amount issued pro rata per month is about 0.5%.

The evidence is that Panr has gone well above 100p whilst having this facility. There is considerable news to come just this year. In my opinion the small amount of shares being issued is actually good news as it allows a small door to be opened to give a bit of liquidity for funds etc to buy in.

For me the best piece of this price movement has been the volume.

By a country mile its been the best volume for a upward movement since the 60p+ days.

Volume should be 20m by the end of the day. This gives us volume comparable to the falls, again from the 60p+ days. Sustained rises and mainly falls all have pretty similar combined volumes. It gives us an idea of the liquidity that exists for defined movements-traders etc.

It bodes well that any substantial HNW or Inst buying will move the dial as the stock becomes more inelastic and demand increases.

Not surprised David brought when he could (ie when the news became public). Well done and £170k isn’t chicken food either.

Just so folks understand. The volume just this morning was more than the entire bond share issue back in June. There are still shorts to close. If you think that will hold the share back (despite this never happening before) then that’s your choice.

Equally, if you think the share is undervalued because a world leading company has independently reported that just a piece of the reservoir has a 90% chance of having over 400m barrels recoverable and a 50% chance of nearly a billion barrels recoverable. That’s equally your choice.

100% Graham Paul.

I said this a little while ago.

The news is a de risker. It’s not a marshmallow that’s quickly roasted, eaten and forgotten. It’s a solid building block that allows the SP to grow. It will be mentioned in every piece of news, every article, every webinar. It will be included in risk assessment reports for funds to invest into the company and it will get noticed by industry professionals.

From a risk POV it’s clear and simple.

An entirely independent report by a world leading company, has said there is a 90% chance that there is at least 400m barrels in this single section.

A section that has an oil transportation line literally right next to it capable and needing to take everything.

Yes there is a 50% chance of nearly 1bn barrels etc. but from a risk POV we assume the worse. The worse is valuing just this single section at less than a dollar a barrel.

The doubters can talk about whatever they like but this is clear and it’s clear that the company is very undervalued.

Again to be clear, just my opinion but the cpr won’t see an immediate massive response.

The reason why the cpr is important is that it helps to meet risk requirements for funds. Panr needs to improve its share registry and this is probably the most important-none drill, piece of that.

If the bod has done its job - and I believe David has, as this is right up his street, then they will have 1-4 such funds who will start buying spare liquidity over the 4-6 week period after the CPR release.

So, not fireworks but a steady and strong rise.

I’d suggest you get a tin foil hat.

Rises and falls of 5-10% are pretty much par for any and every stock in the AIM currently.

It’s simply a low volume market and market makers wanting to reduce risk by having low amounts of stock in hand.

Even huge billion dollar mcap stocks regularly see 3-7% swings.

One off comment - simply because I have no time or inclination to debate with the proven liar Louis.

For most of the last few years Pantheon has had shares dropping into the market, whether it’s the great bear pay off - options that have been taken up, and for the last 18 months the debt conversation.

None of these has stopped the share price from rising and falling over this time period and it won’t in the future.

The amounts are too small to greatly affect the share price over anything other than a few days.

It might drag any rise (although we’ve seen some massive rises), but it doesn’t and never has prevented the share from rising.

Nigel

It’s cute that you mentioned ethical and broker in the same sentence. It really is.

I have many words to describe them but never heard anybody use the word ethical before.

I wonder whether you can get ethical thugs or ethical hired killers.

(Btw I have many years dealing with brokers in a professional capacity)

I’ve just gone back to the calcs on this board from 12th April and figures of 2200 per a month were being quoted possible 2500-2800 at peak.
So a rise to 1650 already is getting close and is a sizeable amount of money to xtr.
Increase tpa by 20%
Increase grade by 20%
Increase recovery a bit more and we are there.
At March figures we have income of 3m a year (going from the work others have done hope I’ve got that right). Let’s increase that to 5-6m a year.

How, very quickly. Simply I don’t want to mislead. There is so much we don’t know and what we do know is through the prism of what Colin has said. It isn’t even clear what we are waiting for.

I do think it will be economical. I don’t know what Colin’s plans are though or even worse what we he will do.