Pantheon Resources Share Discussion Threads

[johnswan193] 04/1/2023 10:53

Padamster - I've always been open here about when I have bought or sold. The share price even increased for a while after I offloaded my shares.

[johnswan193] 04/1/2023 10:30

Rabito - I personally find it very strange that Scot has so much time to spend on PANR. I don't see him commenting on any other shares other than 88E occasionally. I get that there are a lot of old farts on these boards with plenty of time on their hands, but Scots approach and fierce defence of PANR is unlike anything I've seen before.

My view has always been that any shareholder should be challenging assumptions and considering the downside case just as much as the upside case, and not just wave pompoms around. Paid or not, Scot is very much a part of PANRs PR engine as almost every shareholder (and presumably management too) will be aware of his actions. I will always take a sceptical approach to posters like Scot. The rest of you cheerleaders are way too emotionally involved here too, and that is a very dangerous position to be in.

The level of blind faith I see the guild members having in management and the acreage is incredible. Bob, Jay and Justin even managed to offload shares at 120p+, very very soon after talking up the project in various interviews, and without as much as a squeal from the guild. Of course they are entitled to this but it acted as a red flag for me, and it also helped open up the opportunity to boost the case for those wanting to go short.

Anyway, I do hope this comes good. I still hold some shares here, but am hugely relieved at having offloaded 90%+ of my shares at average prices similar to what management sold at.

[bulltradept] 04/1/2023 10:26

Hi Forwood,

Thank you for your response.

Do I take it then you disagree with short sellers?

I have no way of engaging in shorting shares (as a retail punter), apart from 'aping' it, via an Spread Bet account.

[forwood] 04/1/2023 09:57

Bulltradept - I assume you know how L2 works. When there is no pressure to take out the bid, ie buyers are willing to take from the offer and you see multiple hits on the bid, ie sellers consistently taking out the bid, followed by lower priced orders on the offer, and that happening consistently in waves, esulting in increasingly lower prices, it indicates that the sellers are deliberately trying to move the price down. Of course, you could argue that the sellers were desperate and wanted to sell quickly at any price, but in my experience sellers usually want to get the best price possible for their shares.

The most obvious recent example that I recall was when Carson Block entered the market at the end of October.

JakNife said: 'the MMs have lowered the price'. That again is a naive statement. I trade all the time on L2 as do 1000s who have DMA accounts. So if we sell, taking out the bid and the price moves down, is that an MM lowering the price? Of course not!

You have no more objective evidence that the price has moved down due to disillusioned long sellers than I have that it is a consequence of short action. However, when 2 shorts appeared on the market having sold almost 10m shares in a short (sic) period of time, it wasn't longs that reduced the SP, it was them!

[helpfull] 04/1/2023 09:55

Cor blimey, guv!

If you really believe oil sales from Alkaid#2 will be enough to fund future drilling plans in 2023 perhaps you deserve what is going to happen.

Although it is valued in hundreds of millions of pounds, Pantheon is not unique. It is the same model as many penny shares. Cash is raised by selling shares. The company needs to keep the share price buoyant so that there is a ready outlet for the placed shares. Great. But if the model breaks or wobbles and the mug punters realise that their initial investment is being continually diluted, problems arise. Another $96 million cash raise brings enormous dilution (even if some of that dilution is originally hidden as CLN's). That is the near term future for Pantheon investors.

Be careful.

[the priest] 04/1/2023 09:51

@Rabito79 - DM for you.

Regards,

The Priest

[rabito79] 04/1/2023 09:32

Yes, we are trying to create a bogeyman says the guy who:Rubbishes expert opinions of the likes of David Hobbs, Raymond Pierson, Roger Young (LKA), Mike Smith (Baker Hughes) Schlumberger and many others who I am in touch with but who have chosen to remain anonymous.Claims that the information/Executive Summaries of documents have been doctored to hide the smoking gun in the body of the report (despite the Slides clearly being Schlumberger slides). Yet in the case of Baker Hughes Mike Smith was more than happy to come on two of the company's webinars and provide his opinion despite this apparent doctoring of his work.Claims the same reports haven't used hard data from 6 well penetrations/5 flow tests (excluding Kuparuk) rather these independent experts just ran with Pantheon's assumption rather used the hard data which Pantheon have presented in numerous webinars.Literally chose to ignore that Schlumberger have modelled flow rates which were actually slightly more bullish than Pantheon's.Claims as the whole oil industry is getting paid they can't be trusted.Describes results as poor choosing to ignore that the well is flowing 125bls/day from the ~4000ft section against a pre drill target of 150bls/day in the 'early stages of clean up' and adopting a 'conservative approach'.Chooses to ignore numerous tweets linking the well known shorters, one which includes a false document aimed at discrediting Pantheon and its supporters, in an attempt to claim its a boiler room scam continued by Fraser Perring who was quoted on his short in the Sunday Times.It's impossible to debate with someone who is just shouting liar, liar. But perhaps you can speak to your 'oil connoisseurs' and ask them why the believe guys like David Hobbs et al are still confident on the final results. How the early stages of flow could lead to an artificially high GOR reading different to previous flow tests. If the 'conservative approach' may involve choking back of the well to limit frac sand issues. Why encouragement can be taken from the 'thousands of barrels' of flow witnessed in the well test irrespective of it having a low oil cut. Or of course you can continue to shout liar, liar.This has always been a fundamental trade for me which has fortunately led me to be in contact with a number of of individuals who I trust and who I am happy to supplement my own limited knowledge with their significant expertise. Given both them and I see nothing inconsistent to date with the geological model proposed by Pantheon I continue to be optimistic . Faked doxings, bully boy tactics by Josh Young et al will not change that. Mainly because Josh's, Fraser's, John Hampton's shorts whilst successful have been devoid of technical merit much like yours.

[officerdigby] 04/1/2023 09:27

HetySweny why don't.you let me into the GUILD mate!? I'm a researcher as you know. Different area but I'm interested in the info there and the discussion.Never shorted.jsit lost shirt! LOL.

[rabito79] 04/1/2023 09:26

Yes reporting crimes is a waste of tax payers money. Swiss fund managers should be allowed to mislead investors with false documents. Fraser Perring should be allowed to claim that prominent Pantheon supporters are part of a paid pump using these false documents.As I understand it you worked in finance, it's therefore pretty worrying you think this type of thing is acceptable and should be tolerated. No wonder people like this think they can get away with it. You are either part of the problem Johnswan or part of the solution.

[just one more try] 04/1/2023 09:15

$16.6 million is very likely to be enough for the work over rig - on more than one occasions.

After that, the oil being sold - is very likely to be enough for the current operation and more.....

[padamster] 04/1/2023 09:15

Unhelpful - thank you and your associated morons for allowing me another chance to buy low. A sincere thank you 😊

Be very careful

[johnswan193] 04/1/2023 09:14

Rabito, please don't waste tax payers money on such idiocy. Thanks.

[helpfull] 04/1/2023 09:11

Cor blimey, guv!

The basic point at present is funding, and the need for lots of it. The dynamic has changed. A cash raise is on the cards under difficult circumstances. However much oil is in the ground, it is not coming out of it anytime soon. The pig is having lipstick applied. It might be a good opportunity to derisk.

Be careful.

[orchestralis] 04/1/2023 08:25

Wow this has been a fall from grace.

[mike290] 04/1/2023 08:07

Hi Rabito,

Would you please send me the contact address (assuming that it is an email address) of the FCA that you used?

Thanks, Mike.