Pantheon Resources Share Discussion Threads

[forwood] 06/1/2023 00:39

There will be no fund raise until after Alkaid 2 is cleaned up and flowing properly. Not a snowflake in hell's chance.

[winthorpeiii] 06/1/2023 00:17

JakKnife

This is a different market. I don’t think MMS realistically get a chance, or would want to, play in any meaningful way on high risk small cap placings. They all will take some stock at a discount (if offered some to fill a book) on a deal but its not really needle moving amounts.

The two hedge funds I know nothing about. I’d be surprised if they were allocated stock on a placing to help close their positions. I’ve never seen that before. Allocations are at the discretion of the Board in conjunction with advice from their brokers l, known shorts are usually zero’d…unless absolutely needed.

US quote - I don’t see how that helps as most US small cap instos need a bigger maker cap. I don’t know how the mechanics of accommodating US private investors would work.

So if you are relying on getting UK instos on board there has to be a very compelling reason and i don’t see what that is at this point. I don’t think dropping any (hypothetical) price on a placing to win support is the issue here. None of these UK based PMs will go on risk in a stock like this in this market.

What it needs is a validation from industry. The hard data reference points (actual verified hard data) has done little to further that cause.

So I’m reluctant to give a price. I fear it’s a bit more difficult than that.

[rich2006] 05/1/2023 23:35

😂😂😂
Been on the mushrooms have we.😂😂;😂

SO Just for the record.

thebull85 Jan '23 - 21:48 - 31215 of 31217
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So……


Best guesses for date and amount of the upcoming fundraiser. I’ll start


$66million at the end of January
JakNife5 Jan '23 - 22:38 - 31216 of 31217
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thebull8,

I think that you need to include a price if we're going to have a competition. I'll take:

$25m fund raise at $0.30 a share (c. 25p) in the second week of February, all in straight equity, no more convertible bond.

JakNife
WinthorpeIII5 Jan '23 - 23:06 - 31217 of 31217
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Based on that hypothetical premise……;Second week Feb seems very tight IMHO but possible.

The issue is how do you raise a credible amount that gives some contingency in the tank should things not go to plan?

If $25m is the arbitrary figure, I’m not sure how you get there with no meaningful installed institutional base standing their corner. Maybe a big push on primary bid would help but that’s still a lot to go after from private investors however committed they are to the investment case.

Not impossible but looks challenging.

[winthorpeiii] 05/1/2023 23:06

Based on that hypothetical premise……;Second week Feb seems very tight IMHO but possible.

The issue is how do you raise a credible amount that gives some contingency in the tank should things not go to plan?

If $25m is the arbitrary figure, I’m not sure how you get there with no meaningful installed institutional base standing their corner. Maybe a big push on primary bid would help but that’s still a lot to go after from private investors however committed they are to the investment case.

Not impossible but looks challenging.

[thebull8] 05/1/2023 21:48

So...... Best guesses for date and amount of the upcoming fundraiser. I'll start $66million at the end of January

[yoghurt73] 05/1/2023 16:29

HPCG - The insinuation I took from last years webinar post the funding bond with the company explaining they had backed out of the lower offer for the 'carried investment for working interest' was that it wasn't a standard oil co, Oil Companies want too much control, too much working interest and too much of the timetable ownership for them to be considered at this stage. Rather that it is an finance outfit/investment type at this stage - That wasn't to say for the right offer from an Oil Co for lock/stock and walk away wouldn't be considered - but that more wells/data OiP had to be proven yet to cream the curve and that would be with an investment group pre sale to Oil co.

[hpcg] 05/1/2023 15:55

There is only one potential company to farm out too. Hilcorp have troubles with Cook Inlet, ENI have much bigger fish to fry - their exploration team has been hitting it out of the park in the last few years, especially in the Med. COP remains active in Alaska but they have 1.8mn acres and a committed program of their own, where Hilcorp are junior partners in some areas. That ConocoPhillips is 100% on the Western Slopes just shows how much Alaska has slipped off the slates of the the super majors.

[oapknob1] 05/1/2023 15:52

Rig available. Clean up. Increase flow/recovery rates. Seems simple. On to 3. Shorts closing yet?

[echoridge] 05/1/2023 15:51

based on all the farm-ins you've been associated with in your imagination no doubt

[echoridge] 05/1/2023 15:39

hpcg - I've made no comments regarding either your ability to see into the future, nor anything else you have 'shared' today for that matter. I believe that may have been 'mlf51'. If however, you can read minds, then you will know what I thought of the quality of your word salad posts on the prospects of a farm-in at Pantheon, but we'll just keep that between us, shall we?

[truant2tb1] 05/1/2023 15:38

Gentle reminder of some undisputed facts which the delusional bulls neglect to mention:- Jay and the boys mysteriously cashed out £5m in Sept!- Halliburton washed their hands of the licence in 2019!- There is still no CPR- the latest flow results were an unmitigated disaster prompting PANIC in the guild and waterfall selling- the accounts state they must raise money to do any further exploration!!- you've got another chunk of convertible due in 2 months at a whopping discount to the previous raise!WHAT IS NOT TO LIKE?! Maybe Forwood should send one of his emails to Berkshire Hathaway and ask Warren Buffet & Charlie Munger why they're not investing?LOLOL

[hpcg] 05/1/2023 15:31

If I was BP I would say - "didn't you notice that we pulled out of Alaska in 2019". Hilcorp were the buyer. The only majors left in Alaska are ENI and COP.

Echoridge - of course I don't know for certain the future. All I can do is estimate the future based on known information and analogues from the past. I don't understand an investment process that doesn't involve some attempt to do this.

[ohdearohdearohdear] 05/1/2023 14:37

Yes sure, I will take your recommendation that echoridge is "sharp as a tack", Total Return. Now can somebody please vouch for Total Return?

Don't recall saying there was anything wrong with working in Curry's. Maybe your tack needs sharpening?

[total return] 05/1/2023 14:33

Ohdear,echoridge is not a bedroom analyst. He is a former City investment banker and is sharp as a tack.I used to deal with him. Secondly what is wrong with working for Curry's?

[mlf51] 05/1/2023 14:23

Delusional.

[echoridge] 05/1/2023 14:22

How'd I do?