Pantheon Resources Share Discussion Threads

[jontyfromsa] 03/11/2022 10:38

I wouldn’t even bother Forwood. Waste of time. Once this flows and flows well
you won’t see any of these shorters in here.
They will crawl back under the rocks they’ve come from

[forwood] 03/11/2022 10:10

Truant and bear cohort: you guys are simply not listening to - or choosing to ignore - the interviews and webinars, where the issue of the farm out was discussed in detail.

in post 29881, I specifically invited you to listen to

1. About 9:30 mins into the May 22 Blytheray interview at: which refers to a '10 figure number' being discussed last November (that's minimum $1,000,000,000).

2. Listen from 1hr 12 into the Webinar Investor Presentation, Jan 2022 (on for about 25 mins. This provides more detail

The deal fell through at the last minute when the figure was revised down. There are several points about proving up the resources, concern about the impact of the deal on control, and clues to the identity of 'the management group'.

A crucial emerging point 6 months later is that they're still in discussion with 'the management group' they were talking to in November 21. The confidence in what they have is so strong that rather than take a reduced offer, they decided to go their own way to further prove the asset, knowing they will get a better deal from a position of strength.

Further, they expect to secure another deal post a successful current flow test. This is likely to mean that the convertible bond deal issue is taken out in one swoop. In the context of a potential £1 billion deal, the c $40m of that remaining amount is a relatively insignificant issue.

[rabito79] 03/11/2022 09:47

Great to see you acknowledge in your own numbers there is enough money to finish the flow test and that your original claim was factually incorrect.There could well be another round of funding. I would be surprised if any Pantheon holders did not expect some extra dilution given we still hold 100% of the asset. It's hardly ground breaking stuff to point out there will be no revenue in the latest results but that will obviously change and we will soon know by how much.However even by your numbers we will have ~$30M in the bank with our annual expenses covered. It's hardly panic button time particularly given the positive initial flow rates from Alkaid 2.

[truant2tb1] 02/11/2022 23:07

CAn't wait to read the revenue line in the annual report. Look fwd to that bit

[truant2tb1] 02/11/2022 23:07

Rabito79

Have a read of RNS 8846U, its very useful in working out where your $96m is RAPIDLY being spent, best bit is you've $55m of death spiral funding at 10% discount to the prevailing share price - don't forget that bit, its important

PANR tell you:
$70m of the amount raised will be spent on:

Talitha - $10.7m
Theta West - $16.7m
Alkaid - $23.2m
Contingency & corporate development* $17.1m
Fundraise deal costs $2.3m

Then $20m if going on "further development of the Company's asset portfolio, which could include additional drilling, testing and completion, and the strengthening of its balance sheet ahead of future farm-out and/or financing negotiations."

LOL - still no farm out

Given you've had Talitha, Theta West and Alkaid is well underway, prep for the winter 23 programme + the $9m of annual corporate costs up your backside (Jay and the boys get ANNUAL OPTIONS at your expense) plus sundries.. PANR will have spent at least $60m by the time the annual report is out.. 2/3rds GONE

Brace yourself for another funding round in 2023.

Ouch!!!

[sandcrab2] 02/11/2022 21:24

Rabito, you need to understand the concept of sealioning
When cornered, they will just change tack
Best filtered

[rabito79] 02/11/2022 20:30

Not clear enough for you to work out the will still have significant funds in the bank given there was an initial contingency of $17.1M and they raised an extra $26M than originally planned.So I ask again why do you think there is not enough money to finish the flow tests?

[helpfull] 02/11/2022 17:03

Cor blimey, guv!

An interesting end to the day chartwise. Was that a little bit of capitulation? Or just flushing out one or two weak holders?

For a company that is on the cusp of producing billions of barrels of oil, the share price is a little sticky. The long term uptrend has been continually tested and breached to the downside The short term moving average is declining, and is below the declining medium term moving average, which today breached the declining long term moving average. The share price of course is dropping and is below all threes averages. In short peeps, there is a death cross warning investors and potential investors to.............

Be careful.

[loglorry1] 02/11/2022 16:46

The CB is just as Jaknife says. It's just a technique to allow PANR's funding partner to sell shares into the market at lower than the current price then convert their 'loan' to provide shares to settle the sales.

Retail are basically being asked to buy shares at ever lower prices, their cash is then handed over to panr via their funding partner who take a large cut.

It's pretty standard stuff.