Pantheon Resources Share Discussion Threads

[sandcrab2] 17/4/2021 09:57

I pray that that answers the question

[sirmark] 17/4/2021 09:36

Hi FordwinMy understanding is that if the trade is done in one hit then they in theory could drop 20-15% and notify that as such so a worked order of a said amount that drops over the course of weeks my understanding as this is done in the market rather a market-market trade then each percentage should be notified at each single percentage.

[fordtin] 17/4/2021 09:28

lol bit coin, clearly beyond the comprehension of our resident red thumbers!

[bit coin] 17/4/2021 09:20

I think an A star in comprehension is needed to answer that one fordtin? But passes time till Tuesday at 4pm Aye

[fordtin] 17/4/2021 06:45

Morning all. Scot126, fatbloke, or anyone else with an intimate knowledge of TR-1’s, would you mind providing some clarity to the following hypothetical questions; Question 1 – If A.Holder Ltd owns 20%, of the shares in issue of A.Company Ltd and engages A.Broker Ltd to sell half A.Holder Ltd's shares in A.Company Ltd, would A.Broker Ltd be legally obliged to inform A.Holder Ltd every time A.Holder Ltd’s total holding in A.Company Ltd crossed a whole percentage point? Question 2 - If the answer to question 1 is yes and A.Broker Ltd does inform A.Holder Ltd every time a percentage point is crossed, is it legally acceptable for the communication to be sent by traditional letter and delivered by Royal Mail? Question 3 - If the answer to question 2 is yes, what time frame does the legislation allow for delivery of the letter to A Company Ltd, for the letter to be processed by A.Holder Ltd’s internal mail department and for the final recipientant at A.Holder Ltd to submit a TR-1? Question 4 - is it legally acceptable for A.Holder Ltd to submit the TR-1 by traditional letter and delivered by Royal Mail? Question 5 - If the answer to question 4 is yes, what time frame does the legislation allow for delivery of the TR-1 to Regulatory News Service, for the letter to be processed by the Regulatory News Service internal mail department and for the final recipient at Regulatory News Service to publish the TR-1? Question 6 – Is it possible that at the time a TR-1 is released for A.Holder Ltd’s holding in A.Company Ltd, A.Holder Ltd’s actual holding in A.Company Ltd could legally be significantly different to the figure being reported? TIA

[tizo100] 16/4/2021 23:29

Only bought in 2 weeks ago and down at the moment time to chill it's commercial not rocket science imho

[chiefbrody] 16/4/2021 23:15

Aye I guess that fits. If they only started Mon Tue this week (to coincide with the share price fall) and dumped a few mill per day then RNS Monday (if not Tue).

[dhb368] 16/4/2021 22:58

Chief. They would have had to sell 5.8M shares over the last 2 weeks to pass the next 1%. Given that they seemed to have taken a few days off recently that doesn't seem unreasonable to assume that a notification is not due until next week.

[chiefbrody] 16/4/2021 21:30

Well over 50 Million shares traded since F crossed the last threshold.Still no update from them, so they can't have sold more than a few million in the last 2 weeks ish.So maybe more than 1 big holder(s) offloading lately.

[winner66] 16/4/2021 20:16

There a number of holders of multi million share holdings in pantheon. It’s really impossible to know what is happening unless a TR1 is released. But I’m not so sure F have been selling many . You only have to look at our daily volume as a total , then look at the sells as a total since F last had a TR1 released. It really doesn’t add up to much plus also outside of that the individual sells are very small and I guess we can assume a large number of those would be T10s . One thing that is very certain is next week we all learn more about the Alaskan activity . Let’s hope the impact of that both in terms of RNS and presentation is positive regarding the share price

[davwal] 16/4/2021 18:00

Thanks Darcon... so it’s possible there is another large unload going on. Still, all will become clear soon. Have a good one, all...

[darcon] 16/4/2021 17:47

davwal- where a person has a notification obligation, they must notify the issuer as soon as possible and in any event within two trading days in the case of a UK issuer (DTR 5.8.3R.) A UK issuer [admitted to AIM] must notify the market by the end of the third trading day after it receives notification If a person holds 3% or more they must notify when they cross each 1% threshold above 3%

[davwal] 16/4/2021 17:24

What are the rules vis a vis a notification of a break through a threshold, and a notification upon completion of selling? Could Farallon choose to wait until completion?

[scot126] 16/4/2021 17:19

Hi parker2102 - snap! I'm genuinely surprised we haven't seen one delivered this week. General observation that Farallon are, objectively, pretty good at submitting their paperwork so if a TR-1 arrives at some point next week, "Don't panic, Mr Mainwaring, don't panic!!"

[parker2102] 16/4/2021 17:02

Alea iacta est RNS re K on Monday, containing the words "...is pleased to..." AIMHO Btw, have not seen any RNS (TR1) re F's action in the market lately. Volume has been relatively high, so they've had sufficient opportunity to unload a good deal of shares. And we are all almost certain they are the seller. Or have I missed something? My apologies, if this has been discussed already GLA

[gemstar2] 16/4/2021 16:30

Well. yes, but no mention of Jays dual position Hence the RNS

[darcon] 16/4/2021 16:16

scot126 - I agree with you that this looks like a correction of a simple omission which someone at either the Nomad or BCLP or the company spotted. The RNS states they've already previously notified the market about this bankruptcy proceeding on 27 January 2021: "As part of this exit, and as disclosed in its annual account to 30 June 2020 announced on 27 January 2021, Vision Resources LLC filed for Chapter 7 Bankruptcy in the United States Bankruptcy Court for the Southern District of Texas Houston Division on 28 April 2020." So basically they're saying we the shareholders have already known about this issue since 27 January 2021.

[korkybucheck] 16/4/2021 16:16

This board has more whiny little girls than a girl scout troop camping in the rain.

[scot126] 16/4/2021 16:14

Thanks, gemstar2. You're not. In fact you're having a deadset Barry Crocker.

[gemstar2] 16/4/2021 16:12

Scot on good form today

[scot126] 16/4/2021 16:09

gemstar2 - Profs Dunning and Kruger would like a word. They mentioned something about you being an ideal candidate? Sounds exciting! Google their work, read the definition of their famous Effect and head to the nearest bathroom. Look in the mirror. The person in front of you is a perfect example of the Dunning-Kruger Effect. Oh, and I answered the question on the lse board. Quit spreading b/s.

[darcon] 16/4/2021 16:09

The RNS says they filed last April and the proceedings remain ongoing.

[gemstar2] 16/4/2021 16:07

Didn't the thing go bankrupt last April?

[darcon] 16/4/2021 16:03

Rule 17 of the AIM Rules states: "An AIM company must issue notification without delay of: [...] any subsequent change to the details disclosed pursuant to sub-paragraphs (iii) to (viii) inclusive of paragraph (g) of Schedule Two, whether such details were first disclosed at admission or on subsequent appointment;" Schedule 2 paragraph(g) states: "(g)the following information relating to each directorand each proposed director: (i)the director’sfull name and age together with any previous names;(ii)the names of all companies and partnerships of which the directorhas been a directoror partner at any time in the previous five years, indicating whether or not the directoris still a directoror partner;(iii)any unspent convictions in relation to indictable offences;(iv)details of any bankruptcies or individual voluntary arrangements of such director; 20(v)details of any receiverships, compulsory liquidations, creditors’ voluntary liquidations, administrations, company voluntary arrangements or any composition or arrangement with its creditors generally or any class of its creditors of any company where such directorwas a directorat the time of or within the twelve months preceding such events;(vi)details of any compulsory liquidations, administrations or partnership voluntary arrangements of any partnerships where such directorwas a partner at the time of or within the twelve months preceding such events;(vii)details of receiverships of any asset of such directoror of a partnership of which the directorwas a partner at the time of or within the twelve months preceding such events; and(viii)details of any public criticisms of such directorby statutory or regulatory authorities (including recognised professional bodies), and whether such directorhas ever been disqualified by a court from acting as a directorof a company or from acting in the management or conduct of the affairs of any company;" ------------------- In my view they had to issue a "notification without delay" in an RNS as soon as they realised they hadn't yet done so.