Member Info for Troughsnout

Rather than trying to doxx people perhaps you should address the main issues raised? What is the outcome of the cost audit, and why did GKP rebadge old receivables? Clearly a rising crude price lifts all boats and a return to liftings to ceyhan would be positive for GKP but why do management barely reference this cost audit when it has the potential to have a material impact on share prices. Obviously if receivables are not paid the company is worth the profit oil stream it generates ex capacity building payments. And then the questions over the reservoir need to be addressed.

Are you fkkg kidding me. You, believe in "amazing broker reports"?! Don't you realise how this market works. You get what you pay for. These reports are paid for either directly or for commission for sales. Its almost parody at this stage. Oak Securities did the raise. Of course they are going to write a glowing report. The search for a functioning brain cell on this chat goes on.

Agree - Jay believed in something. I think he was wrong to but I don't doubt his belief. Even Bob R for a while. This lot are in it for the lifestyle and the exit. Its done. Stick a fork in it.

They started with 13m shares in 2006. Now 1.5bn! Thats 100x! They've raised nearly $500m in 20 years. For what? Tell me? For a lifestyle and some useless holes in the ground. The share count is like Nvidia's share price. Sadly not the stock price. As for $36.8m did you read that that came before Dubhe related expenses. I would have thought they were down to $10-15m before the raise. They are burning money like its going out of fashion.

Turned out pretty well didn't it. Chump.

Save yourself some cash ...

https://brevarthanresearch.substack.com/p/pantheon-resources-redux-panr-ln

https://brevarthanresearch.substack.com/p/pantheon-resources-panrl-panr-ln

The clues were there...

Ever read Of Mice and Men? Those majors you talk of are like the farm with rabbits Lennie talks about. It ain't happening. It never was, and it never will. Bob R has gone. Jay's gone. They've all gone.

Hilarious. Dead oil in tight rock with lots of water and gas. In one of the worlds most expensive place to drill. Come down to Venezuela, the weathers nicer! Shows moved on.

Clues were there in the december 22 update which said 27m cash but pre Dubhe related costs. Then FY report didn't give a cash update. Shows how expensive testing that well was, along with nitrogen and other stuff. Possibly overdue payables as well from fracking. Along with their gold plated boardroom that needs feeding.

Its just to keep the lights on and the lifestyle intact for mgmt. End game.

More money burned down a barely moist hole. Which idiot told me they had funding through to the end of spring. Joke.

Some thoughts about Ibstock from Brevarthan Research. Goes through red flags and examines the case for the short given high short interest.

https://brevarthanresearch.substack.com/p/ibstock-plc-ibst-a-house-built-on?

Perhaps you should read my old posts. Never long, never wrong. On this one at least.

Ha - no position - sure it might bounce a few pence before giving it back - who knows. But seriously how many slightly moist holes are they going to drill at $40m a pop (inc flowback) before you throw in the towel. Its a lifestyle company with moose grazing pasture (sorry tundra). And the pump and dump crew are currently on a plane to Caracas!!

That $27m left - before well related payables:

"At 21 December 2025, unaudited cash, cash equivalents and term deposits totalled $27.2 million, *PRIOR* to the settlement of the latest remaining Dubhe-1 related expenditures." NOTE - no follow up cash update at 30th Dec.

$12m for flow testing, and some other back costs. Convertible interest. Back costs. End of year remuneration. Delayed compensation for retirees....I'm guessing not much more than $15m left, poss $10m by now. And all these new fancy pantsy directors cost $$. And then whats the newsflow going to look like when the well is P&A'd. As it will be. Just like the others.... Vicious cycle.

Ask yourself what happened to Bob R and Jay C. They've left the ship and dumped their bags. Others have left since Hobbs took over - go figure. Most of the capital was raised by them in the past. I doubt the church offering plate is going to be full of new institutional money. Plus equity now sits behind convert debt that is cash serviced. And at the bottom of it all sits a field with no pressure, no energy, and precious little movable oil. Get out while you can.

Webinars are for show, RNS's for dough. RNS is regulatory by nature and have to stick broadly to the facts, presentations and webinars allow for some artistic licence. Don't be fooled. This play is as dead as a dodo. An ex-dodo. Kodiak, Ahpun whatever. Expect the begging bowl to come round very soon given the cash burn.

Question for the webinar - are Jay and Bob no longer shareholders? Have they sold all their shares. If so how can Hobbs defend against claims he has misled the market?

Thanks for playing everyone. Again. Covered short. See you next time they ramp up the stock. A gift that keeps on giving. Cheers Stas20! Great work.

Of course this means that Jay can now sell his remaining stock without the need for a PDMR...Handy...

It certainly is a ticking time bomb....!