Pantheon Resources Share Discussion Threads

[thebull8] 23/2/2023 11:57

See you are confusing economical with successful. It may well be "economical" at 600-700bopd. Am I going to pay £400milliom plus for this thou - absolutely not. Enough to keep the lights on and keep the BoD in jobs until the next round of dilution to drill more wells...rinse and repeat

[thebull8] 23/2/2023 11:56

Win some lose someFirst half of 2022 was tough as I had a bearish bias all year in general but more than made up for it in the final few months :-)

[padamster] 23/2/2023 11:53

Bull - you do make me laugh. You set your own commercial rates 😂. The company has stated its economic at current rates and prices. If everything stayed as is after 9 months it would still be classed as commercial. Don’t believe a word on your trading.

[hpcg] 23/2/2023 11:41

Uber is likely to refinance $1.5bn at 8.5%. Yes it is a junk company and deserves to pay a hefty coupon but it isn't short of cash flow. It is an indication of where leveraged loan rates are at. PANR's cost of capital would be at least 12% and probably more, if debt markets would even be open. So a discount rate of 10% is completely inadequate to discount any asset for any small company, at least for the first few out years.

source:

[michaelsadvfn] 23/2/2023 11:40

You appear to be very good at this game.

This is ADVFN mind.

[thebull8] 23/2/2023 11:27

Almost right I was short from like 100p all the way to 150p (think my highest short was 144p from memory). I closed most of these after the new year plunge. I am slowly re-adding on way up. My average is 61p but part of me hopes it goes back to 100p prior to flow rates. Would love to short from there Will close all shorts if flow rates are above 1500-2000bood because that's the minimum this project needs to be financially viable

[michaelsadvfn] 23/2/2023 11:23

thebull8,

you claim to be betting on the share price dropping from 52p and, given you won’t be as desperate as PADAMASTER ‘in a few months time’, you will, by definition, not be closing your short before we hear from management regarding flow rates.

I personally wouldn’t take that risk, but ok, we all think differently.
Thanks for being honest enough to let us all know you’re short from 52p and will remain so. Good luck, i think you’ll need it.

[shanig] 23/2/2023 10:24

Talking your own book again Bull.

[padamster] 23/2/2023 10:22

Good luck Bull

[thebull8] 23/2/2023 09:59

- debt repayment in the form of dilution - fundraising in the form of dilution - zero progress on any new wells - macro headwinds Pick your poison

[padamster] 23/2/2023 09:43

Bull - what’s happening in a few months- few months is a long time?

[thebull8] 23/2/2023 09:41

Not as desperate as you'll be in a few months time

[padamster] 23/2/2023 09:33

Bull - No you did not answer the question. Also you seem desperate this morning

[thebull8] 23/2/2023 09:24

Try NPV lmao. To calculate NPV you need to actually know the revenue among other things. But please, feel free to share you DCF model. Back to predicting the flow rates from the flare are we lmao. Worked so well last time. What do the tea leafs say lol

[thebull8] 23/2/2023 09:11

Lol I did answer the question you imbicile

[padamster] 23/2/2023 09:11

Bull - can you answer the question instead of more BS