Member Info for theiceberg

So this takes us from a small one geo outfit doing a few holes in the Lachlan Fold, to a professional team, with 2 rigs drilling approx 25-30 holes giving one of top exploration projects in the fold.
A company that has taken a giant leap forward to become a professional exploration beast in australia.

Greengrass,don't be an idiot. Yes they are sh brokers, but xtr hasn't been walked down and the volumes have been tiny, there hasn't even been enough volume for the brokers shares to have been forward sold let alone the placee shares.

Pretty much bang on expectations...The 20000m of drilling, and of year for 2mt+ jorc, better team in australia...2 rigs...probably enough time now for it to start in june....good price higher than the last placing.warrants nice and high.
It was blindingly obvious they needed to raise for this drill campaign so now that's out the way.

It will Be interesting to know who has taken the shares...we've not seen the normal pump and dump flippers operating, nor the forward selling so maybe a better calibre of sticky placees.

Some sugar coating....but what flow rate did they expect if 100bopd is incredibly disappointing.
A far more honest the than 88e's.
So over the next six months, we've got increased oil estimate data, farm out and alkaid 2 production testing.
Then nov probably testing starts 7 months time --- and in 9-10 months time drilling next to the highway.

So a decent amount of news.

Well we have been told the flow test results will be discussed in detail on tuesday, inc technical analyst. So it seems very likely that news will come tomorrow, outside chance tuesday. Be it good or not so good,plain exciting, or read between the lines exciting. Good luck.

Totally agree scot, I normally follow the Twitter accounts of the companies, but panr has so much rubbish I dont. It's not blue ticked,doesn't have a decent name etc etc...
Quite bizarre!

I am sure going to sell, the market had really hammered this share today currently down 1.5% . I firmly believe the market doesn't like the news that has been delivered in the past 18hrs ....I was personally hoping for better news.
Never mind is there an over hyped, pumped up share I can buy on the spike somehwere..

Is still being followed as far as I am concerned...I missed the extra chat with bzt, but two rigs is exactly what the doctor ordered.
One would take far to long, even with 2. I would estimate bushranger needs maybe 15000-20000 metres drilled. So two rigs allows for a 4 month campaign july-aug-sept-nov then jorc ready for year end.
Survey results June
Holes 2 and 3 assays 20-25th April ?
Holes 4 and 5 assays. 20th may?
Hole 6 15th june?
3D model june?

With the above my guess is that may will see a slow tick up, with some fireworks in june.
With two rigs and such a big drill campaign if imagine the serious mining investors will get a sniff and buy in around may-aug. This will be one of the largest drill exploration-definition campaigns in the fold come the summer.

This is just imo and are obviously just guesstimate s of dates.

Last one when the 88e share price was 3.75 from Mr pat.
"Ramp on
Why not does no harm,can’t see any down side here what so ever.nlybdown side is waiting for Monday evening,good luck all."

This might seem harsh, but I have zero respect for anyone that ramps a company at half a billion pounds without a single successful drill, based on a drill with 2D. Particularly if as he claims he sold out before this to make loads of money.

Whatever you say Mr 100k. funny how only a couple of days ago, you were saying on the 88e board, how the price was good because of the upcoming panr news.
Sometimes when folks change there mind like this we call it p****** in the wind. Sometimes it's folks saying whatever they want to try and get what they want.
It's cute you think folks care that you brought in for a few days, then sold.

If only you had that thought when you held 88e at 3.7 just before they announced a failure.
I don't know what panr will find, but the lesson you learnt was the wrong one imo.
88e were drilling from 2D with a moderate COS, so the risk was high.
Panr have drilled, they have performed successful wirelogging and have flared with test liners and flow equip all in place..
It's a completely different risk prospect.
It's like over paying for a second hand car from eBay and finding out it's junk and buying a second hand car from a Mercedes dealership.

So they are beefing up the presentation...

Just a hint, but starting your very first thread with the title - selling, selling, selling. Is unlikely to endear you to many posters...

There has been around 1.5m sells, which is tiny...

Agree, so many oil exploration companies spin a failed drill (not that I think this is one). They come up with a hundred reasons why they didn't get a sample or perform a flow test. But 99% of the the time they never revisit the prospect again.
The market won't believe it until we get an an actual flow test completed, we know the api and we think it will be commercial.

The market is certainly favourable though, if we close at this level it's a 3 year high.

.6p from a 3 year high....it seems impossible that's not related to the drill.

It could be that they wanted the rig out of the way before doing the testing?

Not this morning!
But surprised by that...

Just imo.
It's useful to judge what the share is actually doing, so I will follow a share before buying and ditto timing for selling.
I ve spent periods of time without it, without ill effect.
Since I will sell after the testing at some point it will help me get what I hope is a good price.is
For panr with L2 you can see Farallon (I strongly suspect) placing on the ask 50000 @. 42.25, which gets taken out then another 50000@42.25, then another. I. Can see them selling into a rise with volume, but they don't seem to actively push the share down.
I've said before North slope is one of the few things I trade, mostly its long term investing on fundamentals.
The reverse is true 're somebody big taking a position, which can be seen on L2. If I've got a long held inveztment, it might tempt me to buy a few more.
At the end of day, with just the 88e trading I did between .5 and 1.5 it paid for itself. The rest is just information. Tb h i couldn't imagine not knowing whether there is just 4 market makers on a book, or whether there are 400 entries on the book.

I tried to explain the concept of dma. This is 90% of the trades on PANR and might show as a buy but would be a complete trade. i.e it would have somebody buying and selling. On a sets system with dma the exchange works differently than just a market maker system. 88e is a pure market maker electronic exchange, PANR is a SETS DMA electronic exchange, i.e market makers and dma (direct market access).

I can see you've been a member for a long time and this is meant as honest advice. Without understanding the different exchanges and how the market is accessed, the correct volume etc your investing with one hand tied behind your back.
If you want to spend the money. my advice is to buy level 2 for a month..then use that month to understand what it is your seeing, look at different stocks, read up on the internet.
https://www.londonstockexchange.com/trade/equity-trading/sets
You'll find panr on the above spreadsheet but not 88e.

These are the figures you quoted.
"Last 2 days trading there have been 802 million shares traded"
That's more than all the shares in the company put together, the biggest daily volume in the last 3 months is 15m. Whatever your quoting is out by multiples...
The rest of the volumes are nonsense and look more like 88e volumes..
"530 million bought - 272 million sold and the price has gone down on both days. Crazy or what"