The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
One further thing to consider is that 88 are listed in AUS as well, so it's a stock that can be traded almost 24 hours a day. A number of times I have seen it close in London on a Friday at a steady number and then reopen on Monday down following a bad night on AUX.
10.02
Most on here know about 88 or have been invested at some stage, but imo there is little similarity in their news flow or publicity regarding progress. In the last three years of my investing in PANR I've found their releases to be factual and truthful, and their management displaying knowledgeable presentation. The hype generated over 88 has in the main stemmed from U.S. tweeters, and perhaps this may happen to PANR at some stage now that they are listed across the pond as well however LTH's will spot the telltale signs of ramping or derailing a mile off.
Good to see both London and OTC closing in the blue. Gives me the impression that the shenanigans that have plagued the company this week are blowing out.
I recall that Bromb used to post "something for the weekend" on another BB , and I think the clip below describes the instigators of this past week's greed perfectly.
https://youtu.be/q31WY0Aobro
I can see Cbaron's point and I'm sure that will not be the only email received by the company in the last 48 hours or so. A shareholder has the right to share their views or ask for an update from the board.
I also get that why would they wade in if they have done nothing wrong? Defending the absurd allegations may well be adding fuel to the fire, and it may well be the case that they are taking legal advice whilst maintaining silence. This won't be taken lightly by the company and I certainly hope they find grounds to take proceedings, hitting those responsible and perhaps sending a message that it's not acceptable reporting.
Or they are going to spank them with the mother of all RNS's covered in oily print.
Either way I'm holding as I do not beleive a word of this tripe which has more than likely been driven by greed.
Agreed CB, and yes I suppose it was only a matter of time with both stocks either sharing holders or at least watchers and geography. PANR has for the last few years avoided the pump and dump scenario that 88 faces every freeze, we've all seen it and discussed it. I'm hopeful that Monday's events have raised eyebrows of concern within the regulating bodies into just how can a share be so easily manipulated.
It stinks, in my opinion.
Panic is contagious, especially when installed by a "credible" source. Today's debacle highlights how journalism and social media such as twitter can spread harmful news at an alarming rate of speed. Couple that with reckless shorting, you see a stable company watching the graphs and wondering what the hell is going on.
Hopefully PANR will issue some form of statement to calm the situation but it seems to have settled through the day.
I think the only people that know the answers are those on site or immediately involved. Anything else is speculation no matter how well presented or researched. The facts will be released when Jay feels it's time, and I don't think we have long to wait now. He's a clever cookie when it comes to RNS release and always seems to wait until he has all the facts aligned.
Not long now, Peaky.
My views are not too dissimilar from yours, CEObaib. We are drifting a bit off-topic, but I do stand firm in the belief that G7, green adgendas and politicians have led the greater populous into the belief that fossile will dissappear soon. Over 80% of impoverished Indian people still use coal, charcoal, LPG and fuel-oils to cook, heat and light their humble dwellings as they have no access to grid utilities. They are already struggling to pay for such fuels because of the global economic cost, and now they face further difficulty as governments sign into green policies closing down mines.
And that's just one third-world country. What about the rest? Can't see them rushing out to buy 4x4 EV's in South America or Asia....
Just my views, off-topic but that's how these posts go. Definitely not looking for a qwerty scrap ;-)
11.36
I agree with your point and believe that the UK AIM price would be significantly higher if the field was to serve our UK production. A calculated move by PANR to list in the US only bolsters my opinion that they are forward thinking. It may be stating the obvious, but having a potentially large reservoir of oil in close proximity to an oil-thirsty country is a winner hands down. Introduce a major into the equation and who knows? Let's remember who the major suitors might be and look at their origins-Huge market players, all US dollar based and main-stays to American economy.
God bless uncle Sam.
I think the US markets realise that oil production will continue for a very long time and investment is sound. Some 90% of Alaskan production is shipped to serve the west coast as far as Hawaii, with San Francisco being a major refinery hub. If its down to ecology, shipping is by far the cleanest option to serve the west coast and that will hold strong in any decision the government will make. Biden made it his policy to pacify the oposers of pipelines and scored votes, but his term will soon end. Add the fact of uncertainty concerning Russia, the US markets will want to keep it close to home.
All good for PANR and it's forming the building blocks of a strong holding in the market, ovvy results permitting!
19.44
Imo your efforts to draw Bromb into some form of debate are futile, as he won't be drawn in. If he were to engage with Scot he would have done so a long long time ago, but he has his own reasons not to.
Both are an absolute wealth of knowledge on this and 88 and have probably forgotten more than most of us will ever learn.