Pantheon Resources Share Discussion Threads

[padamster] 17/5/2023 07:15

My mind boggles with the thought process of Mangrove. Someone at Mangrove may just get fired

[banksy] 17/5/2023 07:14

Disappointing... they could have and should have got that placing away in the mid 20's, after the price had settled post Alkaid-2. It was an obvious thing to have done.

[michaelsadvfn] 17/5/2023 07:10

So they would have difficulty raising funds at 10p?

Where have all the muppets disappeared to in the past 14 hours?

Mangrove will be more than eager to close that short on this news.

[padamster] 17/5/2023 07:09

Fantastic. Well oversubscribed as expected.

[mlf51] 17/5/2023 07:06

Way over subscribed, people are very confident.

[waterpolo] 17/5/2023 06:44

Pantheon is about to rip higher

i hear from a mate in the US here that the book is hot and Theta West is going to be huge

sucked in to all those short or with no holding

20bbbls plus coming up

[tizo100] 17/5/2023 01:32

absolutely rubbish

[markliddiard] 17/5/2023 00:35

Life at times can be good, and at other times can be very difficult. The important thing is to learn by our mistakes!Nothing in life is for certain. But if you don't try, you will never succeed! Failure is just part of the path of success!That's my philosophical part over! LolTopped up again this evening, as strongly believe that PANR have passionately and tirelessly soldiered on, within an industry that is fraught with issues. They have made some errors, learned from them, and now have the support and guidance of undoubtedly the world's best expert companies!!GLA!!

[gorgeousgeorge01] 17/5/2023 00:16

"Given the circumstances they’ve done well to get a placing away. The read across is you take the dilution in the equity or in the farm in. There is no farm in and the equity interest in terms of firepower comes in barely over $10m. Stay alive money."

A relatively modest fundraise and 100% interest retained.

[winthorpeiii] 16/5/2023 23:35

Industry could have participated at these levels, even as a punt. As far as I can ascertain there has been no third party capital going into this punt over the last few years. It’s hardly surprising given the drill data.

[winthorpeiii] 16/5/2023 23:26

Given the circumstances they’ve done well to get a placing away. The read across is you take the dilution in the equity or in the farm in. There is no farm in and the equity interest in terms of firepower comes in barely over $10m. Stay alive money.

[hiddendepths] 16/5/2023 22:47

Fair comment rabito!

[rabito79] 16/5/2023 22:32

Justin had $42M contingency built into his last placing. There are multiple reasons this wasn't enough, very little of which can be blamed on Justin.Small placing done, we move on.

[neo26] 16/5/2023 22:29

I thought they wanted to drill talitha 2, theta west and alkaid. Wheres the money for that? They should never have got the bonds... this will be their downfall.

[padamster] 16/5/2023 21:26

Officerdigby - name me one institution that would have invested during drilling when some of them took part for the very drilling campaign you are referring to? It makes no sense what you are saying

[officerdigby] 16/5/2023 21:17

Justin, should hang his head in shame!Where was the insurance policy raise during drilling @>£1.00.It could have been done easy in the excitement.Chap should get sacked IMO should have forced the OAP's to get an insurance policy ($10-20m).What on earth were they thinking or were they thinking at all?

[hiddendepths] 16/5/2023 20:40

A friends and family placing a la Todd Kozel? GKP became a 20 bagger in short order!

[michaelsadvfn] 16/5/2023 20:37

As good as any holder had wished for i suppose, Directors, Management, advisers all participating.

[padamster] 16/5/2023 20:22

Unhelpful spin it however you want as it’s irrelevant now

[mlf51] 16/5/2023 20:21

Here they come with all their caveats, no one actually meant they couldn't raise the money.

[helpfull] 16/5/2023 20:17

Cor blimey, guv!

"You ask where the outside interest is? Let me give you a clue - these words - Institutional Investors"

How much are they paying for each barrel of oil in the ground?

$1, $3.1 or $10? Or nothing?

This is the result of 4 or 5 months dithering. Whilst the share price plunged.

Adding on the fund raise the company is valuing the 1.7 billion of recoverable oil at about £150 million. Is that about 10p a barrel of oil. What does that tell you?

Be careful.