Pantheon Resources Share Discussion Threads

[antique7879] 19/1/2022 18:54

RACH - Thanks for posting the link to the thoughtful analysis from Mr. Art Berman, of the unfolding macro picture, which favours investment in the energy sector.

Thanks also for your earlier post, quoting the ever eloquent Mr E, who managed to ‘drill down’ on the key point with regards the PANR investment case, in less than a minute.

[carrr595] 19/1/2022 17:38

I've started wearing glasses last year, though I have left them at home today. I agree it is trader dream, probably similar to last time when they hit 4p and dropped like a ton of bricks. I am happy with PANR but I guess the 88E dream is annoying to watch.

Definitely not leaving! 5 years of watching PANR what's a few more months or year.

[chris0805] 19/1/2022 17:26

"Games" often end abruptly!! With sad consequences for many... Money will be made at 88e... A lot of investors will lose.... Stay with PANR... Imho GLA C

[unlikely2] 19/1/2022 17:21

Hi Carrr,


Share Price: 75.10
Bid: 75.00
Ask: 75.40
Change: 5.60 (8.06%)

Specsavers maybe ?

I too have been watching the action at 88E. Traders dream, but I am more comfortable with the steady progress here. Slow maybe, but I think that may be about to change.

GLA

[carrr595] 19/1/2022 17:09

Hi unlikely 2:

Im seeing a close at 3.4%, my eyesight isn't 80p but I am just baffled as to why this isn't moving higher when there is so much data out there? Perhaps its just the pre news risk adverse theory.

I will confess my knowledge is limited, ive been invested since 2016 and im not going anywhere yet but I am frustrated.

Hopefully a series of good news RNS will send this past the £1+ mark

The 88E reddit rampers play an excellent game that I do not quite see the same for PANR.

[probabilityofsuccess] 19/1/2022 17:06

Read previous post and carrr looks like a semi-intelligent bot!

[unlikely2] 19/1/2022 17:02

Interesting timing for post 21251 on a day when the share price rose over 8%. Same again tomorrow and you will have your 80+. The spud RNS may help.

[carrr595] 19/1/2022 16:56

Hi everyone,

So I am really struggling to understand why the share price doesn't move and yet 88E are undoubtedly going to hit highs very soon and yet we can't move past 70.

I am under the impression that regardless of any social media attention panr put out or the bod hyping the hoped Bn of oil with webinars, there must be considerable lack of faith in the bod findings.

All this compared to 88E who don't even have permit to drill are up 10% day in day out.

I dont expect our share price to hit anything past 80 until considerable good news is out. Does anyone else think there is such little faith in PANR regardless of the data set available.

[probabilityofsuccess] 19/1/2022 16:38

I’d suggest expected rates, not actual bitcoin. Couldn’t release the former in a webinar without RNSing and expecting to take a bit longer than Monday to announce something.

[bit coin] 19/1/2022 16:35

Good to hear that Jay was on site in Alaska just two weeks ago. I thought that he and Bob, Avatars Cheetah and Rosy put on a good show with Tim and answered all questions with confidence and clarity.Please correct me if I have this wrong, but I got the impression that we'd get an idea of flow rate from Talitha during Mondays presentation, fingers crossed!!

[rideacockhorse] 19/1/2022 14:39

Here's a long form interview posted on youtube yesterday with Art Berman on energy prices/oil etc. It's a macro view rather than anything specific to PANR and underlines the fact that any company getting oil out of the ground will enjoy rich rewards in the coming years. It's why, if PANR can get it out of the ground in large enough quantities, the eventual sale price will be high. Very high.

[scot126] 19/1/2022 14:02

What a pompous prig you are, Prof Sir forwood the Unveiled.

Here's how it works in the big boy world of the City (where you were never employed formally but where you "traded extensively in the millions of pounds daily" if memory serves?). You make an allegation or a statement about the past record/conduct/written or spoken content of another market participant. The other market participant fact checks you and informs you of the factual error contained in your allegation. The City norm would then see the "accuser" provide evidence of the allegation or issue a correction/amendment/apology.

Another risible *and wholly unnecessary example* of a retired old guy ("I used to be somebody!") refusing to admit a factual error as if his whole life's effort was being judged and at issue. FFS, just admit you're wrong, edit/amend, apologise and move on. FML, it's just pathetic.

[forwood] 19/1/2022 13:00

Nice article on Bloomberg about oil 'Dwindling OPEC+ Spare Capacity Sets Oil Up for Sizzling Summer' refers to a peak $150 a barrel in 2006, the last time oil reserves were as tight as they are now.

[forwood] 19/1/2022 12:41

FFS Scot ''the long winded and boring', am not going to spend a week trawling through all your posts to fact check that particular item but that is certainly the impression left with me by your previous posts. Instead of me having to prove you did, why don't you prove you didn't? I hardly think it's even worth an apology but if it makes you feel better, there, there, I'm sorry!

[sirmark] 19/1/2022 12:25

I doubt well get much flow news next week, the week after maybe.

[scot126] 19/1/2022 12:25

Fact check for Prof Sir forwood the Unveiled. Ref his post #21237: "However, Scot can no longer say that not one of the board has ever cashed in their shares." I have never, repeat never, stated such a thing. What I *have* stated, repeatedly, is that CEO Jay Cheatham has not sold 1 share since joining PANR. This is what's called a fact. Also, it's as true today as it was on *every other occasion* I've posted this statement! Prof forwood made a factual error in post #21237. Thus I am fact-checking him directly and inviting him to correct/amend/withdraw/apologise his post #21237. Let's see what happens?

That said, forwood's post did prompt me to forge ahead with my eternal crusade towards fact discovery. I communicated with Justin Hondris and can report he had not previously sold a share in his 15.5 years' association with PANR. And a handful of you are b^tching about him realising c.£100k to pay some school fees or a kitchen conversion in West London or some such? [ballpark maths: 500,000 x 40p x 50% tax]



Next item to be addressed. It appears that more than a few posters on this thread do not understand how the exercise and sale of employee options works as a general rule. Perhaps I can be of some assistance?

Have a read of the RNS dated 13/1/22 entitled "Issue of Equity and Exercise of Options". Then have a read of my post #21175. First thing to say is that with today's RNS confirming the sale by a director (PDMR = Person Discharging Managerial Responsibilities) it also confirms the veracity of my description of yesterday in post #21175. How did I know this? Because I have handled these types of transactions literally hundreds of times throughout my career. The exercised options => shares on issue and admitted to trading on AIM as of 8am yesterday => all 2.575m shares were sold in the market yesterday by the house broker.

Jay Cheatham (CEO), Bob Rosenthal (CTO), Jeremy Brest (NED), Phillip Gove (Chairman) and Justin Hondris (FD) are the individuals classified as being PDMRs. One out five PDMRs realised some cash, and that sale comprises <10% (<5%?) of his total exposure to PANR. Gimme a break. Hardly a rush for the lifeboats, lol.

Ok, the mechanics. Let's use Justin's exercise and sale as a working example. There are some posters on this thread who think that (i) Justin wrote out a cheque for £150,000 payable to PANR on 13/1/22 (500,000 shares x 30p exercise price) (ii) the shares were then admitted to trading at 8am on 18/1/22 (iii) Justin instructs Canaccord (house broker) to sell 500k shares in the market (iv) Justin receives a cheque totalling £350,000 on 20/1/22 being settlement day. Justin pockets the £200k "profit".

Uh-uh. The above is a conceptual picture of what happens but here's what happens irl. Canaccord receives the instruction to sell the employee options/shares => sold all 2.575m shares yesterday at an average price of 70.14p. On settlement, of the gross sale proceeds (in Justin's case) of £350,000 (500,000 x 70p), the company splits the proceeds such that £150k goes to the company 's bank account and £200k goes to PANR's payroll system whereupon it's taxed (what is it, 45%, 50% for someone like Justin?) and Justin receives the net amount in his next pay packet, circa £100k.

I trust this explanation helps those who are happy to learn about these things. I also hope it makes those who have posted, how can I say it, alternative versions of this mechanism think twice before posting again with such misplaced confidence. Once again to all, if you don't know about something, ask a question, use this symbol on the keyboard "????" and don't post an opinion dressed up as fact.

You're welcome.

[rideacockhorse] 19/1/2022 11:54

Hope everyone is busy polishing their "I Told You So" badges ready to wear next week.

[sirmark] 19/1/2022 11:40

I think we'll spud Theta later today and RNS in the morning.

Tubbing unit should be setting up today as well so we possible could get new on one tomorrow and the other Friday with Mondays Webinar to start the real re-rating of our assets.

[references] 19/1/2022 10:52

Digby - Yes, Justin H has cashed in 500/- of options, but he has just been awarded 3,350,000 and still has 10m of options left, so we are talking about 5% of his position. When your salary and savings are all tied up in the one company you do have to a. Pay yourself, and b. De-risk yourself from time to time by taking a bit off the table. Just good housekeeping. I bet Mrs H will have approved.

[rabito79] 19/1/2022 10:40

It highlights the risks in oil exploration which the vast majority understand, just not as much as you though NGMS.Sometimes the 14% Chance of Failure occurs.Look at the Kuparuk for example, wax issues, gas issues, multiple other issues highlighted pre-drill but nobody yet nobody predicted and oil wet reservoir. Does that mean management's initial confidence was misplaced, no it doesn't. It means that sometimes when even those in the know have an incomplete set of data, the known unknowns can bite you in the behind.

[probabilityofsuccess] 19/1/2022 10:22

“I’ve become MORE sceptical as time passes”. Is that possible? 😉

Best of luck anyway ngms.

[trigger blade] 19/1/2022 10:21

Winner66,

I suspect your puzzlement regarding Ngms27 is based on believing any of his claims, Being charitable, he’s disingenuous.

He once promised to leave the board and broke that promise a matter of days later, so he’s not to be trusted. He also once claimed to have been selling PANR shares in “various tranches” in order to buy back cheaper. When the share price did the opposite and went up, he claimed he’d only sold a few, 5% as I recall. Not one to admit he gets things wrong.

Anything he says should be taken with a very large pinch of salt, there are people on here who don’t believe he’s a holder at all.