Pantheon Resources Share Discussion Threads

[madd_rip] 08/3/2023 08:30

I haven't but I do love to curse!

[retirementfund] 08/3/2023 08:29

This is quite simply way to cheap bid on the way in my view

[deanmatlazin] 08/3/2023 08:28

The fact that the director pumping it soo much, it is irresponsible and get away with it. forget about the drilling outcome

[references] 08/3/2023 08:24

@helpful I would love to know your motivation. Joy at others pain. The drill results could have been so different.

[deanmatlazin] 08/3/2023 08:24

good trading. better short at 26p and buy back at 10p

[shinnas] 08/3/2023 08:23

bought 100k at 24 sold at 26p

[padamster] 08/3/2023 08:06

Keep on buying. It was pushed down on fear and now is the time to buy

[jungmana] 08/3/2023 08:03

Will end the day red imo, watch this space

[padamster] 08/3/2023 08:02

Sale of the century.

[bulltradept] 08/3/2023 07:50

Look I know nothing about extraction in the oil business, period.

However. I, like a lot of others have read (and correct me if I am wrong here), that over the last x amount of months or so, rates would improve, technology is ground breaking, we are learning lessons, blah blah blah.

In the end what does PANR have?

Not a lot and the mgt of PANR have previous for this don't they?

It's been an exercise in mgt enrichment, a bit like XEL mgt when they sold out. Showing my age there, but remember them?

Similar situation I feel.

[sos100] 08/3/2023 07:35

Pro - you must have a big short position open to keep posting like this :)

[padamster] 08/3/2023 07:32

Fill your boots. Way way way too cheap 😊

[pro_s2009] 08/3/2023 07:29

At this share price.......the market cap is 178 million pounds.

For what ?

500 boEpd which is rapidly declining and will be off line in a few months plus........some prospects which currently are not commercial and stand a chance of being not commercial in the end.

On top of that, they have a large Convertible Bond debt to be repaid and dont appear to have enough cash for a brand new well to be drilled.

They are desperate now, imo, to throw out the veil again of "we are looking at farming out"............whilst most likely under the veil it will be yet another discounted placing imo.

So......for 178 million pounds market cap, there are lots of other much better companies and prospects to invest your money into and I think, imo, PANR will really struggle this time to raise funds without offering a very significant discount.

[elhank] 08/3/2023 07:10

The share price is way to cheap now.

[pro_s2009] 08/3/2023 01:50

Things are reeking of desperation now.

Remember the SMD at Talitha, as far as I remember... Blocked up and failed to flow constantly......flowed a bit then blocked.

Now the SMD at Alkaid is going to be the saviour..... Yes yes yes..... Just like Alaska was the saviour after Texas......

Imo a very dilutive fund raising is coming at a very discounted price.

Everything will be done (lots of BS talk) to try to support the price to keep the discount to as little as possible....... But the end result will be what???

10p placing? 15p placing?

The unsecured convertible bonds are now going to be highly dilutive and means lots of shares to be dumped ahead imo.

Meanwhile of course... Recently... Farallon sold out and the Directors sold loads of shares at well over 100p levels....

I recommend reading this thread from Sep 2022



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[sirmark] 08/3/2023 00:02

Closed in the US 30 cents / 1.1827 25.36p Let see this reverse tomorrow and start the rebound and rebuild of what has been a true black swan event against our sp

[truant2tb1] 07/3/2023 23:42

I got it right but for all the wrong reasons apparently Beggars belief