Pantheon Resources Share Discussion Threads

[officerdigby] 04/4/2023 11:07

Hmm Forwood,

Do you mean a bit like the risk of not doing a raise before Alkaid deep testing....
Whoops!

What were they thinking!?.

Not sure the market will ever forgive this.

forwood3 Apr '23 - 17:08 - 4185 of 4192
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Actually a fair point from canthelpit. The risk of not doing a fund raise before the results of the SMD test are known is that a disappointment would crater the share price making a fund raise very costly. Timing is everything. A fund raise today might get away with a strike price around 24. Last week it would have been c 20.

[olderwiser2] 04/4/2023 10:31

Helpfull 4188

That is a poor answer

(The suggestion is still valid.

It ensures the continuity of the company by removing risk.)

The suggestion that PANR should excessively dilute on poor terms now, to protect itself from dilution in the future, for fear of poor terms then, is bizarre.
It turns a possibility into a locked in certainty

It is the companies task to get to the end end goal, at a balanced risk and dilution profile, you would have PANR funding way out into the future for fear of failure, that would be an unbalanced risk

Here is a thought, the BOD may see a bright future and expect to get capital at less and less dilution. They after all know full well what they have.

[olderwiser2] 04/4/2023 09:41

Pro
I could not have been more clear where the lie is, a child would have been able to understand it.

Your explanations, have no merit, pure smoke and mirrors, I don't fall for such parlor tricks around the truth, and would be surprised if anyone else does either.

You remain a blatant liar, there is no changing that, the actions that got you into this position are written into history now. You cannot undo them and they are yours to own.

[pro_s2009] 04/4/2023 09:31

forwood, you are making assumptions.

You say "......Clearly, there will have been expenditure and income (estimate >$600k oil sales) in that period......."

But thats an assumption.

I said merely in my assumption there has been no bills paid and so, in my assumption there is 10.8m cash on hand, with 6m payables..........so the net result, in my assumption is 4m free cash left, plus any receivables.

Which is correct is it not.......however a certain poster thinks its all lies.....and their assumption is the truth......however, as I have pointed out.......the March 30th figures there is no clarity, so one can only assume, and assume whichever way you want to.....bullish or bearish.

[pro_s2009] 04/4/2023 09:27

As you continue to not state where this lie is......even though I have given links and the figures.......

I will put you into the filtered poster bin. And not bother reading any of your posts again.

[markliddiard] 04/4/2023 09:26

Any idea when Netherland and Sewell will be publishing their report?https://netherlandsewell.com/acquisition-divestiture-evaluations/

[helpfull] 04/4/2023 08:44

Cor blimey, guv!

"See you next Tuesday - there is NOT going to be a large cash raise

They will simply raise enough to address SMD

It could all go very very right"

OK! But the company say they have enough to address SMD.

You have been correct from 150p all the way up to 25p.

Be careful.

[helpfull] 04/4/2023 08:18

Cor blimey, guv!

The suggestion is still valid.

It ensures the continuity of the company by removing risk.

Whatever the next drill/test by the company happens to be, it could go wrong.

If the company is well funded when this occurs the upset and blame and rancour that might occur is mitigated by a well funded future.

The survival of the company should come first. A large cash raise now is prudent.

Be careful.

[just one more try] 04/4/2023 02:46

Business like this always need funding.

That is why the risks are high - as are the rewards

Look at Jersey Oil and Gas (JOG), they have just announced a farm out... THis removes the major risk.

Funding too, will reduce the risk.

I feel that a farm in is very likely at this reduced share price, the higher the price, the more likely that they go for a share placing.

The Oil is there, it looks commercial (when PANR look at the SMD, as it is shallower-therefore the poorosity improves too) the question how to extract it amd maximise the profit.

For a farm in or funding, they will reduce risk and have a net positive inpact on the share price.

[olderwiser2] 03/4/2023 23:35

Helpfull 4182

(Shareholders should be begging the management for an eye watering cash raise as soon as possible. And management should ignore the bleatings of any nay sayers.)

The above qualifies as illogical, why would a sane investor ask for an eye watering cash raise, in the full knowledge, that the share price is currently suppressed. Thus ensuring maximum dilution if they were to follow your ridiculous recommendation.

Sensible investors would ask, that it be a minimum required, to enable the progression required, to restore a sensible share valuation.

They would also be aware that
SLB will be producing the dynamic model of reservoir flow and recovery, which will incorporate the new data gained in flow testing and drilling Alkaid 2

Netherland and Sewell will also be producing independent expert reports on Theta West and Alkaid

These are going to strip the emotion away and get back to the facts, all of which should support a much higher share price. That would be a more sensible time to engage in larger capital raisings, should farm out talks not have overtaken events by then

[forwood] 03/4/2023 17:08

Actually a fair point from canthelpit. The risk of not doing a fund raise before the results of the SMD test are known is that a disappointment would crater the share price making a fund raise very costly. Timing is everything. A fund raise today might get away with a strike price around 24. Last week it would have been c 20.

The chart has improved considerably with today's increase. It could keep on going. A return to 29 or more is not out of the question.

[olderwiser2] 03/4/2023 16:44

Pro, continuing to deny the lie, does not make it go away

As the discredited and dishonest poster you are, it is no surprise you persist in the big lie denial strategy, whilst being fully aware you are being dishonest

D Trump would be proud of you, the rest of society is not, but we are all now fully aware, you are happy to be dishonest and deceit is your number one purpose on here

[michaelsadvfn] 03/4/2023 15:57

Is that the same as the mentality of keep putting money into a lost cause hoping that one day the result will be different?

I wouldn’t know, you tell me.

[helpfull] 03/4/2023 15:42

Cor blimey, guv!

"It's possible they even have enough to start the SMD testing as previous estimates of that are c $3.5m. There could even be some oil income from that too. The bulls certainly hope so!"

There is a trap that the management of Pantheon could fall into.

The company needs to raise cash or complete a farm in before the SMD testing. That is because: if the testing is not as impressive as the company and shareholders might hope for (think of Alkaid 2 and 150 bopd per 1000ft and blockages) then the share price might drop drastically making a cash raise painful and extinguish sentiment. Time wise a farm in seems unlikely.

By taking a gamble on the success of SMD testing, the future health of the company might be put at risk.

Shareholders should be begging the management for an eye watering cash raise as soon as possible. And management should ignore the bleatings of any nay sayers.

Be careful.

[forwood] 03/4/2023 14:33

Let's put this one to bed shall we Pro? Clearly you're not an accountant. Neither am I but I do know how to read accounts, which you appear not to be able, or charitably, very selectively.

First the cash and cash equivalent position from the 31 Dec 2022 accounts

Net current assets in $

Cash on hand 31 December 2022: 16.35 million
Trade and other receivables....2,823,089
total..........................19,158,765

Less
Trade and other payables........6,336,999
Provisions......................5,282,866
leases, tax etc.................1,000,373
total .........................12,620,238

net result......................6,538,527

Now they've said they had Cash on hand 30 March 2023: $10.8 million.

Clearly, there will have been expenditure and income (estimate >$600k oil sales) in that period. Problem is none of us knows how much of each but it was enough to add over $4m to cash. I certainly don't believe that no bills were paid in the period, but it's possible some of the provisions didn't need paying, the tax was still deferred and so on. Quite legitimate. And there is no need to think costs wont be met in the coming months, including decomissioning costs,report bills, etc, without any income from oil. They have said, they have enough working capital to be going on until the year end. But they've also said they expect to raise cash in the first half, either by a farm out 'and/or other funding arrangement in the first half of 2023 to have sufficient resources for the 2023/24 drilling and testing campaign, the additional acreage purchases and ongoing working capital'. I assume that means by the end of June. We just don't know when.

It's possible they even have enough to start the SMD testing as previous estimates of that are c $3.5m. There could even be some oil income from that too. The bulls certainly hope so!

[hpcg] 03/4/2023 14:25

There are two things going for the share price right now, the kick up in the price of oil and the 88e report. The PANR share price has a range of very approximately 23-27. Absent new data from the company the appropriate action is to trade that range in ones preferred direction, or even both for the purist. Right now I'd probably extend that range on the upside somewhat.

[bigdazzlerreturns2] 03/4/2023 13:46

michaelsadvfn3 Apr '23 - 12:16 - 4180 of 4180
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No then.
I knew I was asking the impossible.




Yet you keep coming on here asking the same question day after day, week after week.

Is that the same as the mentality of keep putting money into a lost cause hoping that one day the result will be different?

[michaelsadvfn] 03/4/2023 12:16

No then.
I knew I was asking the impossible.

[bigdazzlerreturns2] 03/4/2023 11:27

michaelsadvfn31 Mar '23 - 15:45 - 4167 of 4178
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Can someone point me in the direction of some intelligent discussion?

Thx in advance.




Did you consider the talk of price rising to say £5 or the talk of measuring tea leaves, sorry flares and the like as intelligent discussion with all the ahem ‘experts’; ???

One thing the intelligent discussion got wrong, only a minor issue like, price. You know the one that actually matters and can make or break your trading/investments.

Still maybe I’ve got it wrong maybe intelligence and being broke go hand in hand??

The guild has ‘ a sunken.’