Pantheon Resources Share Discussion Threads

[sirmark] 20/3/2023 12:40

Blue finish IMO

[helpfull] 20/3/2023 11:29

Cor blimey, guv!

The 4 week moving average cannot descend fast enough to catch up with the falling share price. Is that a bearish, ascending flag forming? Or will the share price race away to the 10p mark. The death cross is in full flow:


free stock charts from uk.advfn.com


The target is 10p.

What might take the share price there? The 6 month results are due by end of March and might focus attention on funding. Any wish to dabble around Theta West this year would need a sizeable chunk of cash. And the plugging of Alkaid 2 will cut off the small stream of oil revenue.

Be careful.

[hpcg] 20/3/2023 11:10

They are suggesting after 1 month that "the well has stabilized into a typeset decline curve providing the necessary data for development modelling". Call me Susan but on a brand new play I'd like to see a few months of data before being certain. No mention of what that decline is.
They can obfuscate from current shareholders, but from industry funders and new money they can't. We can safely say there won't be a farm in this year, and there will be a raise because otherwise the money runs out.

[marto1000] 20/3/2023 10:58

Alkaid is commercial JakNo doubt about that at all

[raweden] 20/3/2023 10:43

More dilution heading shareholders way. Massive concern when the company is trying to suggest the market is wrong. Maybe the company could just concentrate on delivering some commercial oil to the pipeline they repeatedly bang on about being right next door to.

[chris0805] 20/3/2023 10:34

What Pro_S2009... deleting posts... surely not?? I am shocked...