Member Info for theiceberg

Just brought £20k of shares at sub 5p. Never expected to see that again.
Market over reaction and misunderstanding is always the best time to buy. :)
I’ll put a blog together later because there are few points in the rns. Tbh I read it at 7.10 this morning but have been driving so can’t really say much but seeing the share price I had to pull over to buy.

Completely agree nice. :)
It’s nothing to do with good or bad news, if there is any delay it’s probably down to whichever company (out of the 20-30) that Colin has at the top of his to do list. :)

I am being quiet on here, partly because of the likes of charlotte. Why lse allow trolls like this is beyond me, it just means less folks using the site and less revenue. Characters like this live in an alternative mental state, creating a new user when what they saying becomes completely wrong.It's rather sad really.
If only lse required a credit card to sign up, it would all be avoided.
Anyway, hope people are holding for the fun of alkaid.

Really sorry, I just typed a massive post about inflation and how that effects (lowers NPV). Also about a new economic study from xtract for the new jorc and finally about how for mining giants, cash mountains and debt repayments are out due to inflation and debt erosion, and how investment is in.
All lost due to the site crashing because of the stupid F adverts!!
2022 H2 will be remembered for the best explorers and producers being brought up IMO.
Sorry again, but these are still points worth researching IMO, if anybody wants to!

Sorry typo 're 120m should be 120k, unless he wants to offer it to me ;)

Colin does tend to act in quite distinct spells of activity. One of the reasons why I think a CEO, on say £120m a year with share options, would be a good idea.
In all honesty this was always going to be the quiet period
If I had to guess, we are looking at July for the southern Ascot drilling.
May for ip
May for eureka update
May for Africa quarterly
July now for the Chinese to finish construction and get first income.
End of May beginning of June for jorc update.
Fundraise at some point in may.

These are total guesses, but honest ones. Before anyone pounces 're fundraise - it won't be much and won't be discounted much imo, it will also go to sticky hands not flippers.

For me the key point in may (apart from any potential jorc) - is the IP. I am really really interested in the signature around the minor sub duction fault in the South of ascot. It's absolutely key to determine its size.

I can’t remember whether this was mentioned, other than they have loads of funding and alkaid this year has production facilities for 2000bopd which they think they will meet. Since this is revenue of 1.4m a week at current prices it would support funding via a prepaid debt offtake facility. Some kind of tiered structured limit that reduces over time but is collateralised against Oil sales.

Sorry first line mangled by spell checker.
It's very clear that alkaid is the door that leads to the rocketship..
I.e it opens the door to riches.

It's very clearly that always is the door the lead s to the rocketship.
Pads for alkaid, smd, possible slope all from the Dalton. All cheap and easy multiple drills from each pad. Each pad with standalone production.

Imo It was an advertisement to the majors that it you want it then don't bother with a controlling farm in, bid for the company and the price goes up exponentially due to an ultra fast develop ment.
Don't bother with willow or horseshoe, with us you get loads of oil far far sooner and cheaper.

Yep.
Construction starts next month. Drill starts in july. Production in oct.that's six months to go from nothing to producing oil on the north slope..pretty amazing.

Nice little bit about alkaid. This is the producer we are doing in July with the construction starting next month.
An npv 10 at current prices of well over 1bn.
This is really basic for the stupid people out there. At the current price of oil alkaid underpins the share price.
Alkaid has less than 5% of the oip on the panr licenses.

The potential still not recognised is many times beyond the current sp.

Just an initial observation, the geology and standard of this presentation(so far) is probably the best I’ve ever seen.

The problem is you also said. "PANR will be fine. But lets see what they release ahead of the webinar and what happens to the SP. I hope for a sharp uptick, 10%ers F off and then a stead % rise into Akaid. Could we see 200p by Alkaid... could do. Could we see 140 as support until proven production with no co*ck ups from Alkaid... could do. PANR have not had a good record of drilling without incident. So it remains to be seen. Im bullish." Just a few days ago.
No doubt you will explain It away, the sadness is there are literally hundreds of people like you on these forum's , they tend to come and go like gad flies.

In the US otc up over 4% with good volume.

We are getting closed to the end of may fireworks - not long to go.

Yep, but it has increased from 89p a year ago to 280p now. It will nodoubt get increased more, due to the fast pace of PANR's development.
i.e if PANR do a farm out of £2bn for 40% of Alkaid then will increase it, when the slope gets its recoverables they will increase it, when Alkaid is production tested and revenue comes in they will increase it, when the lower portions of alkaid are tested they will increase it.
It wouldn't surprise me, if the broker target goes up to 400-500p in six months time.

Just wanted to say, this is the most important bit of the drill campaign, but it's notable how silent some of the folks are, that were long-term investors, from the days of texas...
Honesty doesn't cost anything, just saying...

Ah, Darien. You've reached the point in your investing journey where you realise that broker prices don't matter. Well Done.
They particularly don't matter to AIM companies with say a £50m or less MCAP.
However and there is a but to this as well. Broker targets do carry alot more weight the bigger the company - in house or not. The broker who issues the target also matters - you can't compare a Finncap target with a cannacord one. It's like comparing a quote from bob the builder to a 5 star building company.
Secondly, (the but bit) Its important why and when a price target is increased. If it's increased just for the hell of it, then it carrys no weight. If it's increased due to an increase in recoverable barrels of oil on contingent resources, then it carry's alot of weight.
As ever context is everything, but well done for realising how useless broker targets are on AIM, now understand when they can be useful!

Panr is the only stock in my watchlist of over 30 stocks thats blue. The fossil fuel, resource sectors are down by 3-4% currently and the ftse is having one of its worse days for awhile. Not an ideal day to release excellent news.
Regardless, another broker in reads in the so target to 280p is more than welcome, i am more than happy for traders to sell out and form a base of 140-145p from which to go up from.

Oh dear...there is always one, but where would the world be without them.
If the point your trying to make is yes, we haven't done a long production test yet, as per the RNS, then well done. But 99% of investors, brokers, readers and probably the population of the north slope know that.

Just to add the formal increases should be enough for new broker targets and associated exposure. Particularly the change to contingent which gives a bigger discounted npv figure.