Pantheon Resources Share Discussion Threads

[chris0805] 11/4/2022 11:29

Hyperspace bypass...

[astralvision] 11/4/2022 11:24

Resistance is futile!

[references] 11/4/2022 09:23

The 140p level gets tested with a brief push through, and then smacked down again. The resistance won’t last forever though.

[hiddendepths] 11/4/2022 08:53

Just chart and round number selling. Shares usually get through such obstacles at the third time of asking, if they get through at all. This is the second serious run at 140 in this cycle and I think the sellers at this level are running out of stock they wish to sell. It's a bullish sign if it goes through this time - and can hold it, of course!

[mlf51] 11/4/2022 08:12

Been going on for a while now, is it someone who doesn’t want this to fly, yet.

[hiddendepths] 11/4/2022 08:07

Hopefully the 140p sellers are running out now....

[alaric7] 11/4/2022 06:54

it's over £1bn now

[doublestexan] 11/4/2022 04:11

Pantheon is a unicorn now!
For those that may not be familiar with the term, it is a company whose market value has reached and exceeded
a Billion dollars.
In addition to all the other accomplishments along the path to the
Great Bear/ Pantheon Resources
Successful flow tests in Alaska.

Looking forward to the webinar coming later this month. The many hours of preparing for the webinar will tell us where the company figures we are at this time.

[tmmalik] 10/4/2022 22:52

Start of new week ,may b RNs about webnier details .sp should start moving slowly before Easter break .buying pressure will continuee but pace might pick after Easter .167 on the day of webnier I m expecting Dyor

[scot126] 09/4/2022 08:20

Listen, OfficerDigby, I'm not saying it never happens. It may very well happen in microcaps with market caps under, say £20m, or in cases where a few individuals own a sufficient percentage of the stock such that they can influence the price in the run up to a fundraise.

It just doesn't happen in SMID caps where the NOMADS work for broking firms with decent reputations and brand names which would be badly damaged by allowing, or turning a blind eye, to such conduct.

Think also of the maths. To influence a billion pound mkt cap company will require huge sums of money and a relatively obvious holdings trail of evidence. The amount of money required to influence one of the many microcap E&P companies listed on AIM will be materially lower and perhaps more difficult to identify.

Have I seen any evidence of insider shenanigans with PANR? Zero, nothing, nada, zilch. If I had, I would have disappeared from the register years ago.

PS Chris0805 - Ah yes, forgot about that wee deal. Dodgy AF IMO.

[officerdigby] 09/4/2022 07:43

OK Scotty I again have to now down to your extensive stared experience/knowledge on this.However I see what has to be manipulation when companies need to get placings away.Like a controlled liquidity squeeze price ramp up, boom discount placing done.......Time and time again. Some companies have that sort of support in their refinancing, others just go to the wall.

[chris0805] 08/4/2022 18:14

https://clients3.weblink.com.au/pdf/88E/02364589.pdf19 April 2021,This was the 44M shares to a contractor who helped.... 968k Aussie dollars...No questions asked ....

[forwood] 08/4/2022 17:32

I'm in 2 minds about this apparent resistance c 140. It's more obvious on the hourly chart which has had a beautiful step up, 50% step down sequence, rinse, repeat since the start of the month. I thought it might end today after the down step pierced the close trend line yesterday, but it didn't. I've drawn the trend line in the 1st chart, added the resistance line but it will be interesting to see what happens next week, whether it bounces off or continues up.

I'm not usually convinced by hourly resistance lines. The standard view is that these derive from the daily chart, where it is around 142.25 (with a point that goes back to 2016!). Further it has pierced 145/6 a couple of times intraday, so there's definitely no need to think it has to stop at 140.



Looking at the daily chart, the picture gives considerable scope for up movement. MACD has turned over on the up but is completely unstressed, ie nowhere near the 70% upper line where it would enter overbought territory. RSI similarly is barely over the half-way mark. The only indicator which might cause concern is stochastics which are now over the 70% line. However, if you look at the previous run beginning Jan this year which didn't top out until March at 142.25, stochastics bobbed along that upper line the whole time, in a similar way to what the hourly is doing now, ie periodic small retracements that ease off the pressure.

The negative view is that with little to sustain us until the webinar, it's likely to fall back. MACD is falling slightly too (suggesting a continued fall) - but we have divergence with the price continuing to go up! So I am leaning more to the positive view. Besides there wasn't really much stimulus to the current rise after drilling stopped. Several were saying they were surprised by the rise (me included) and then we got the RNS about a new buyer, so who knows, this may well continue.

[pharmawotsit] 08/4/2022 16:58

 forwood - Yep, that's true for ground and deeper works.

 But you'll notice I specifically mention that the tests are sequential.

 From one pedant to another !

[rideacockhorse] 08/4/2022 16:50

With Easter upon us next weekend, we only have ten trading days left until the webinar. Still hitting our heads against £1.40. Would like to think we'll break through that between now and the webinar. Resource upgrade RNS before the 26th?

[forwood] 08/4/2022 16:46

pharma - that's helpful. Being pedantic, there is actually some overlap in activity. The driveway and drill pad for no3 begins before they finish testing no2.

Quite exciting that we have a full programme to take us up to and through next winter's campaign. 7 months to flow test No2. That's thorough!

[chris0805] 08/4/2022 15:47

Yes scot126... They were listed into the appropriate RNS for who they went to & what for... The one I mentioned earlier did not. Just * to a contractor who helped..... *I remember thinking at the time that if PANR did the same there would be no end of chat on the BB / forums..... until it was established what it was for ...

[pharmawotsit] 08/4/2022 15:46

 Earlier today, I extracted part of the Operations Schedule from the DOG submission.

 I took the liberty of reformatting it for the wotsit clan with UK-style dates.

 Notice that it's a truly sequential works programme.

 Alkaid-#3 tests will not be started until Alkaid-#2 has effectively been fully tested.

 This will take 6+ months, allowing as much data as possible to be gathered therefrom.

[chris0805] 08/4/2022 15:17

Could well have hit the nail there Scot126.... smacks of dodgy deals all the way through.... as did the payment of (was it 44M shares?) to * a contractor who helped at Merlin 1 drill site*..... can't believe that no one questions these *payments*!!

[officerdigby] 08/4/2022 15:09

OK all that and...How do/did they get the buy in for the MMs to manipulate share price up...During the PI buy in phase, whilst those in the know and management/ contractors and others dump??it's not just the external ramp.RMP (related company) used to have quasi director that didn't disclose passing off to family, who then disposed during drills (incl. WINX), reload in classic placements while drilling and dispose again b4 the classic...'just popping out to check the wireline logging ' see you in a week. Line.

[scot126] 08/4/2022 14:17

Hi Chris0805 and waterpolo - perhaps DW had "an earn" in there somehow? Far more likely, IMHO, is a group of Erik's Alaskan mates. I *think* I tracked down one of the APDC consortium members who was a veteran investor in Alaskan natural resource and tourism projects. I find it incredibly hard to believe Erik Opstad didn't have some connection or financial interest in APDC. Weird thing is, neither APDC nor 88E shareholders got too upset about the 130% (yep, that is indeed 130% not 30%) cost overrun on Merlin-1. And who drew up the budget for Merlin-1 AND was responsible for delivering the operational activities? Why none other than good ol' Erik Opstad and ELKO of course!

As I may have said before, it's a rum old world.

[adxwasere] 08/4/2022 13:49

LoL, just made me spit my coffee out. :)