Pantheon Resources Share Discussion Threads

[probabilityofsuccess] 15/2/2023 15:05

More bluff and bluster JakNife. I am not claiming anything about PANR or contrarian in my post, I am simply showing your “evidence̶1; for what it is. You seem to have completely missed the point (intentionally no doubt!). Nothing you have yet written has proved your statement about contrarian - and to think it has is utterly deluded.

I do agree with one thing you wrote though, and I trust you reflect on it occasionally: “it's important that stupid people are told that they're stupid because some people are so stupid that they don't actually realise how stupid they are. Those sorts of people need to be saved from themselves!”

[neo26] 15/2/2023 15:01

"The Company believes Alkaid has intersected a massive hydrocarbon system and is presently flow testing oil, condensate, LPG and gas naturally without artificial lift""A rig has been identified to remove the tubing and clear out the blockage; a relatively straightforward procedure expected to improve productivity and materially accelerate the well cleanup process"You really short? Good luck

[neo26] 15/2/2023 14:42

You need to listen to webinar again, they said its commercial now.

[probabilityofsuccess] 15/2/2023 14:34

JakNife: Contrarian wrote “$panr mkt cap in usd is now over us$500m. If it stays there over 10 days Ibkr has said that margin would be restored…..221;

You wrote: “I'm afraid that Contrarian is a conspiracy posting moron. I can evidence that very simply by repeating the example that I've just shown you with IG, although I'm afraid that you're going to have to take me at my word as I can't give you a link page to rates.”

Your “evidence̶1; whilst all very interesting, in no way proves that contrarian is a “conspiracy posting moron” and is not related to what contrarian has posted - unless you have contacted Ibkr and received confirmation that the statement is incorrect, what you have written could be interpreted as bluff and bluster!

Perhaps, he is just more informed than you and has it from the horses mouth that his statement is correct? For you to discount that is evidence of……R30;……230;

[neo26] 15/2/2023 14:21

Are you short?Alot of effort there..

[hpcg] 15/2/2023 13:56

PANR is SETS traded - I'm not sure how a tree can be shaken when everyone can see and use the book.

IBKR prices are here
The borrowing fee can vary between trade and execution and is the cost in the market. It has nothing to do with market cap. All they point out is that for hard to borrow stocks the fee can (will) be more than the interest paid on the stock sold. That in itself is novel for many, it is only in the last 6 months that shorts have started to be paid net interest, for the first time since the GFC.

Costs for position borrowing of stocks with special considerations (for example hard to borrow instruments) are usually higher than for normal availability stocks. These additional costs will be passed on in the form of lower short stock credit interest. Please note that this may lead to a net debit short stock credit interest if the costs to borrow exceed the interest earned. In order to view the indicative short stock interest rates for a specific stock, IBKR recommends that clients use the Short Stock (SLB) Availability tool from the Support menu in Client Portal.

[forwood] 15/2/2023 13:40

It would be a better whoosh from 60p!

[kemche] 15/2/2023 13:31

Classic treeshake before the clearance of the blockage - then whoosh!

VIVA!!!!

[forwood] 15/2/2023 13:27

JakNife, please see this tweet from Contrarian:

He's reliably informed on IBKR's change of fees on market cap. I got it wrong when posting in £ pounds, and have amended my previous post to $ dollars.

[forwood] 15/2/2023 12:44

Is this the last gasp from the desperately hopeful? Clearly today's fall is not stopping the 70% buyers from taking advantage, but why the selling?

Some say it's to ensure the market cap stays below the $500m that would have meant increased short fees.

Others may be thinking or promoting the idea that the CTU should have completed by now. The last RNS was ambiguous: ‘coiled tubing unit has subsequently moved onto the well head to commence a cleanout of the sand blockage which is scheduled to occur over the weekend’. But given the history, completion within the w/e would have been extremely unlikely.

On 10 Nov, the first CTU was on site, ‘ Clean out operations continue …(with) … conservative pumping rates … due the tight tolerances between the outside diameter of the CTU and the inside diameter of the production tubing’.

8 Dec, they reported: ‘clearing most, but not all, of the blockage and flow testing has resumed’. Subsequent report 30/12 told us there was a blockage of about 1,000 feet of frac sand, which means they took 28 days to clear just over 4000 ft in a delicate operation.

25 Jan, the workover rig began to remove the tubing and packer from the wellbore to start the sand blockage cleanout, with operations ‘estimated to take approximately 10 days.’ Bad weather and rig problems delayed operations a week, and it wasn’t until 10 Feb the workover rig moved off the wellhead, with the SLB CTU due to start removing the sand over the weekend 11/12 Feb.

I reckon the earliest we could hear about clearing the blockage would be Friday, more realistically Monday. SLB (Schlumberger) are experts in CTU operations, which increases my confidence they will be successful here.