Pantheon Resources Share Discussion Threads

[chris0805] 20/1/2022 11:11

Wrong BB..

[scot126] 20/1/2022 11:11

Hi rvsy2 - formal closed periods for staff are usually the 4 week period running up to the publication of interims and finals. So no issues on that front.

Your question is clearly aimed at recent employee dealings. PANR is not in a formal closed period. The NOMAD has judged the employees (and JH specifically as he's a PDMR) are not in an operational news type closed period. IMO the NOMAD is spot on. Would the NOMAD and I give the same answer once the BFF Lower perforation and frack had taken place at Talitha #A? Definitely not. Thus we have overeager's post earlier today about timing being a key consideration ref. exercise and sale of the employees' 2.575m oppies/shares.

All perfectly legal and logical IMO. If I thought differently, I would say so. I literally completed hundreds of these transactions over the course of my career. The recent PANR one is as vanilla and orthodox a transaction as there is. If the light oil at Talitha has turned into Irn Bru in the last 12 months and Theta West intersects a reservoir of Fanta rather than 40 API crude then the regulators will have nothing to investigate. The transaction took place prior to *any* new data being in the company's possession thus 100% lawful and ethical conduct.

It's a dead parrot, non-issue for me. It's done and dusted, a completely orthodox transaction, no employee knows anything more than the rest of us...end of. Time to look forward (in no set order) to the spudding of Theta West, flow test results from Talitha and the webinar on Monday. Good stuff.

[sandcrab2] 20/1/2022 11:01

Unpleasant drill results from Advanced Energy

‘The information to date indicates that the seismic processing techniques employed on this project have not resolved the underlying seismic velocities or imaging resolution issues that are present in this field.’

[rvsy2] 20/1/2022 10:42

scot126
Do the same rules apply to insiders when they exercise options as the rules when they buy or sell shares ( ie they can't deal less than X days before a price sensitive announcement)? I ask this with reference to JH's recent exercise of options.

[scot126] 20/1/2022 10:35

Dear All - have a quick look at 88E. Its mkt cap is approx 60% of PANR's. A more perfect example of imperfect markets theory you could not wish to observe.

I cannot make a case for 88E being valued at anything higher than c.15% of PANR's mkt cap on any given day....at a complete stretch maybe 20%? I *think* Rabito79 can get to a figure of 30% of PANR's mkt cap for 88E, certainly no higher.

It is, without question or hesitation, one of the most incredible and bewildering relative mispricings (where there's a shared asset remember), I've seen in 30 years in the equity markets.

PS Lol, I can only presume the red thumbs down I received was from someone who thinks Rabito79 and I have been far too generous in our stretched relative valuations between PANR and 88E?! Lol, fair point!!

[scot126] 20/1/2022 10:23

Hardly any selling today, agreed? I reiterate my firm understanding the New Year seller has completed their order. They're out. Stock going up.

[antique7879] 20/1/2022 09:54

BTW - I noted, with interest, BR’s comment in the Alaska journal article yesterday, which stated -

Rosenthal acknowledged that companies in Pantheon’s position often look to sell their assets to larger firms more suited to handle large developments, but also said the company is going to keep moving forward.

“We’re putting ourselves in a position where we can execute and develop Alkaid and even execute and develop Theta West if we have to,” Rosenthal said.

Opinion - Having an alternative plan offers the PANR team great leverage in any future farm-out and/or merger/acquisition negotiations/discussions.

[waterpolo] 20/1/2022 09:00

People do buy and sell...I am sure there is plenty of risk management coming into the upcoming binary events Not needing to try anything..it is there for you to see!

[btgman] 20/1/2022 08:57

Great Bear invested heavily in the recent placing at 65p and look to be wrestling as much stock as they can back from Farallon having watched the recent video Bob was the most confident I have ever seen him. So as much as some are wanting it I am not convinced conversion is to sell. Perhaps having a larger holding under their control may allow them to borrow and add further when all said and done they have more information and know the true value more than anyone.

All very interesting things are going at pace now with activities at both locations Webinar Monday

Expecting this to betaken out this year

AIMHO
GLA
BTG

[probabilityofsuccess] 20/1/2022 08:29

I don’t think they will “freak” waterpolo. People buy and people sell. Nice try though.

[scot126] 20/1/2022 08:29

Hi overeager - your post #21274 highlights a key consideration and is spot on. The most obvious example of the closed period effect was clearly the exercise and sale of employee options *prior* to the arrival of any hard data from the operations in Alaska this winter.

The process of dissolving CHONS once the intra-party debt was repaid is an entirely separate legal process.

Personally, I'm delighted to see the original GB investors using their own cash to get back in the fight, joining the rest of us holders of ordinary PANR shares. If anyone thinks this group of individuals hasn't kept in touch with Bob and Ed over the years and listened to their evolving understanding of the asset then I've got a bridge to sell you!

Now then, when's Theta West going to spud? Today? Tomorrow? Over the weekend so it can be described in any pre-webinar RNS on Monday?

[waterpolo] 20/1/2022 08:26

Johnswan yes I know some of the GB founders (non insiders) have elected to convert and will be hedging some risk in the markets by selling some of their holdings pre results.To be expected and good on them for finally get a Payday albeit some bigger than others via this complex structure.But yes Soggy the whole structure is that complex and difficult to understand not even some holders know or knew what they were getting..Mr Brest good work!I guess some may freak out when we find out who exited earlier in the week..

[dan de lion] 20/1/2022 08:14

So they are de-risking the chance of not being able to de-risk???

[johnswan193] 20/1/2022 08:13

Yes and the share price after operations are complete could be lower than 30p. If the holders think it will be higher and have no intention to sell in the meantime then why not wait until operations are complete in order to get the downside protection? Closed period does not stand up either. If they are insiders exercising the warrants and the company subsequently enters a closed period the shares could not be sold until the closed period ends.

[scot126] 20/1/2022 08:12

Not wrong, johnswan193. Back to corporate law school for you once again. It's time for you to learn about in specie distributions as it pertains to corporate entities prior to legal dissolution.

I'm not debating this with you. I know what is happening because I now know some of the 30 individuals referred to above.

Stop posting on this subject. You have no idea what is happening. Move on and plan your next ego-driven assault and stalking campaign, you snivelling weirdo.

[overeager] 20/1/2022 08:07

Johnswan, isn't Pantheon about to enter a closed period due to price sensitive info potentially being available to insiders? I'm thinking these transactions are being completed prior to any operational price sensitive results.

[johnswan193] 20/1/2022 08:02

Wrong Scot. Unless the warrants are expiring, why would they be exercised now and not later if the shares are not being sold? Unless you can explain this, the derisking assumption holds.

[scot126] 20/1/2022 08:00

Soggy - I was trying to be funny and patently failed. I thought the fulsome praise for the multiple question marks would have indicated as such. I continued the morning coffee metaphor on that basis, believing it to be amusing.

Sounds like I hurt you. I apologise unreservedly. I was being 100% serious when I stated I appreciated your use of multiple question marks. That is *exactly* what I plead for posters to do when they're unsure of factual matters. Your musing post with all those questions marks was perfection. Sorry again.

[scot126] 20/1/2022 07:41

Needless to say, johnswan193 is wrong again.

You're all sentient beings so it's your call but whether you're long, short or neutral on the PANR investment case, I strongly advise all readers of this thread not to listen to a word this foul, stalking weirdo posts.

[soggy] 20/1/2022 07:30

Who is derisking what by exercising warrants johnswan?