Pantheon Resources Share Discussion Threads

[johnswan193] 05/5/2023 08:23

DK I expect you may be a newcomer to these boards or you’ve just been using the guild as your bible. I never pushed a bear case on this but all the time I’ve been here I clearly flagged the risks that were alarmingly understated by most on here. I was a shareholder but I took a conservative view, and people didn’t like that. I never told anybody else that they should sell, but I did state the point at which I became too uncomfortable with how things were going (one bad luck story too many and the management team selling) and sold. In hindsight that proved to be a good time to sell but it also could easily have turned out to be the wrong time. Nobody KNEW what was going to happen. I thought Alkaid would be a success, but I wasn’t prepared to risk my capital to find out as I knew if it wasn’t the share price would be severely punished, despite this making up a small proportion of the acreage. The people you should be most frustrated with are those who labelled people like me as “shorters̶1; or trolls, because they weren’t on board with the majority view. But most of all you should be frustrated with yourself for being so gullible in following them blind.

[pro_s2009] 05/5/2023 08:18

sandcrab2, I dont think anyone has categorically stated it is a gas cap.

From what I have seen everyone is hiding behind "we think its a gas cap".....but nobody has said, so far as I have seen, that it is 100% a gas cap.

[sandcrab2] 05/5/2023 08:15

Indeed. JV critical, because as has been pointed out, an adequate fundraising at the present share price would be impossible, unless one was just going for the SMD drill
To be fair to Scot and others arguing the bull case, even the highly experienced oil men on other sites, called this wrong, if not anticipating a gas cap can be called wrong

[pro_s2009] 05/5/2023 07:59

If you want to come down to a very simplistic opinion, I have this :

PANR picked up dirt cheap an area of land known to have loads of oil in place, but what everyone thought to be non-commercial, or at least, there is not enough profit in it to make it commercially attractive profit wise, to produce. No point spending 5 billion dollars to end up with just 1 million dollars profit at the end of it as an example

PANR's great idea is to find some sweet spots, where unconvential completion techniques might yeild something that might be attractive to someone to produce oil. Commercially viable is not the same as Commercially attractive.

Like I said, nobody is going to invest in any project where the ROCI is low.

And so, the chance of failure is high, the need for dilution is high, and the chance of PANR Alaska ending up like PANR Texas is possible.

Thats my opinion, which I am entitled to have.


The industry view of PANR Alaska will be when we see the results of the Farm Out - or lack of a farm out.

The Farm Out valuation will be the key - and a lack of farm out - or PANR shy away from attempting a farm out as they dont think their results are attractive - will show the current situation and valuation clearly.......again, my opinion.

The end of H1 is fast approching - so we shall see soon whats going on........farm out, scared to attempt farm out, no farm out offers, the old "value too low" excuse...or whatever........it should be known soon.

Just got to wait for the next update.

[donkikong] 05/5/2023 07:41

yes, I did. As far as I could see, all arguments against Panr were unsubstantiated. They all acted as if they knew something which they didn't. There were broadly 2 bear cases: Panr is a fraud to some degree and there is no case for the geology. Both are unsubstantiated which left me optimistic. But the more simple argument that petroleum geology just is not understood to a level that outcomes can be predicted with reasonable certainty (and here the reference are experts in other fields from daily life, say a dentist), was not clear to me. To me it seemed: a lot gets drilled and a lot fails, "but look how convinced the people are that know all of this". You really don't need a concrete bear case for panr if the market cap is around a billion (historically high) with just expert opinions projecting success. I thought expertise weighed more than it does.

[donkikong] 05/5/2023 07:01

pro_s2009, I used that word intentionally. I seldom do anything I cannot judge myself. Here I did as the conviction of the professionals involved appeared very strong and it made sense as far as the DD of any non-geological investor can go. In hindsight that conviction should have been uttered with much more caution as the share price went up. It is my responsibility to handle the loss and I do and I knew that there was risk of failure. But the promoted certainty was still too much and the degree to which any professional knowledge is inherently insufficient when it comes to oil exploration is something I had to learn the hard way (unnecessarily!). Those that should be familiar with it - those involved in exploration longer - didn't express that uncertainty properly. The probability of panr being 0 was underestimated. Now I wouldn't invest in commodity exploration again, because it is clear that it doesn't matter how experienced anyone involved is, how many titles they have, how much insight and conviction, because all that knowledge is insufficient. I would have invested differently had that caution been handled more adequately.

[pro_s2009] 05/5/2023 05:00

Excellent there JS........... 🤣🤣🤣🤣9315;🤣

[johnswan193] 04/5/2023 23:22

The Ballad of Scot:

Once upon a time, in bonnie Scotland's land,
There was a man, with an ego so grand.
He was a banker, in the 90s he shone,
But now he's known for one stock alone.

His name was Scot, and he had a way,
Of convincing folks to invest and stay.
For five long years, he sang a tune,
"Pantheon's the one, it'll make you swoon!"

The share price rose, up to one-fifty,
Scot was pleased, oh wasn't he nifty?
He bought on the way, from twenty pence,
Thinking his wealth would make perfect sense.

But alas, the drill results weren't great,
The share price fell, oh what a fate.
Scot's wealth took a huge hit,
And now he's in a terrible pit.

The management team, they sold their shares,
At one-twenty-five, leaving Scot in tears.
The company needs new cash flow,
Through equity or a farm in partner to show.

So now Scot sits, in his Scottish home,
Wondering where it all went wrong.
His ego deflated, his wealth undone,
He's learned a lesson, the hard way, son.

The ballad of Scot, a tale so funny,
Of a banker's ego, and a stock that's runny.
Invest with care, and don't be like Scot,
Or else you'll end up with a penny that's not.

[probabilityofsuccess] 04/5/2023 20:08

“Pulled in” x2

Take personal responsibility and never blame others.

[donkikong] 04/5/2023 18:53

who are you laughing at swendab1? how many people got pulled into panr over the last 2 years that got rugged at 120p, 90, 70, when the main posters you allude to couldn't care less as they got the pre 2021 low prices.

I am confident that this is where a lot of the distortion stemmed from. people mistook their 20p bullishness for 150p bullishness and got killed for it. it's very ignorant of you to post so many laughing smileys as most people got pulled into panr by people from this forum that went to twitter, reddit etc.

it's not a laughing matter.

[sandcrab2] 04/5/2023 17:39

Despair mounting

As the clock continues to tick

[madd_rip] 04/5/2023 15:33

You've got something on your cheek, what is it, you obviously haven't swallowed.

[madd_rip] 04/5/2023 15:32

And you know this?How?You realise that it may just be because everyone ,apart from your fisting troipe, despises everything you are and what you represent.

[pro_s2009] 04/5/2023 14:35

Currently old svenny must be facing around 75% loss on his PANR holdings....and hurting like a madman.

Always remember........ a 50% fall needs a 100% rise just to get back to where it was before.

Which is why, when fund raising is near......you get out and buy into the placing, as its easy money. By the time the long term holders are just back at break even, you have a 100% or 200% profit to take....

Thats the easy money on the AIM market.
..

[padamster] 04/5/2023 14:31

Sandcrab (I mean Pro) looking at the share price graph upside down 😂

[donkikong] 04/5/2023 14:07

swendab1, you seem to be a new panr holder. "5 bagging from here" would little more than cover my losses