Pantheon Resources Share Discussion Threads

[truant2tb1] 12/5/2023 16:34

A fantastic week, roll on the placing!

[michaelsadvfn] 12/5/2023 14:50

Pro_S2009 12 May '23 - 09:30 - 33231 of 33242 0 3 0

scotty is probably furious now.......and swen......they must be posting in the Guild telling everyone not to sell....keep holding as it goes down more and more.......just dont sell any.....hold hold hold........

They, unlike yourself, aren’t that childish. The Guild is frequented by normal folk who can have an adult discussion on the pros and cons of an investment, unlike yourself.

Try growing up lad.

[maxxy1] 12/5/2023 13:01

Something might be brewing, but main reason is dirt cheap share at this price

[technowiz] 12/5/2023 12:01

mystery 100,000 buyer in town. counted 4 in quick succession. something brewing..

[padamster] 12/5/2023 11:54

There you have it. Pro is ready to buy. For those that listen to this punter who loses every time he has cost you money. You have only yourself to blame.

If you believe he is about to buy then this maybe the first time he gets one right! Laws of probability!!

[pro_s2009] 12/5/2023 11:44

They need to start ordering long lead time items for the Winter drilling......they cannot wait too long imo to fund raise.

So they might be forced to grab as much cash as they can at whatever price, be it 10p or 15p or 17p or whatever.

And of course.......the Directors can also buy at that price in the placing, so if it were 10p, they can buy back over 12 times what they sold at 125p recently.

For them, like anyone who sold higher up, the lower it goes the better, in terms of getting more shares..........

The only ones who dont want it to go lower, are those who are currently holding and have no spare cash.......they stupidly went all in far too high up and now are wincing at the continued downtrend.

If there is a placing, I will be buying into it...... :) But I will not be buying until its announced........simple.

[jbarrett84] 12/5/2023 11:32

Pro. I doubt it works like that. More than likely they would have to discount - but why discount to 10p from 18p or - 45% to get a placing done. If one is indeed needed. That’s similar to the share price being at 100p and suggesting a placing at 55p. Can’t help but feel you’re making up these numbers. Especially when a recent broker note placed the fair value at 90p +.
More than likely a placing would be seen as very positive as it sorts out the overhang of uncertainty - as such the share price should respond well. Anyone short at these levels is daft.
Good luck all over the next month.

[pro_s2009] 12/5/2023 11:13

Two intraday lows at 17p........perhaps they are floating the idea of 17p and seeing how much they could raise ?

But is that just the first round of talks.......in which case there will likely be offers of, this much at 17p or more at 15p or lots more at 10p a share, how much do you want and lets see how low the price must go ?????

[johnswan193] 12/5/2023 10:28

I'm v tempted to buy, but agree it looks like a placing coming so maybe better to wait until that is being done (and the management team are buying too). Will be watching very closely for options granted to management and the prices assigned to them. Will it be millions to them all if the share price can hit 100p again?

[forwood] 12/5/2023 10:27

The Sp has fallen c 15% since last week's high and once again, is very much oversold. Technically, it's due a bounce.

Much speculation as to the reason(s) for the recent fall. As flagged by the Interim report, 'a farmout and/or other funding arrangement' is likely within the first half. If a buy in deal is being discussed, it's unlikely to be signed off before publication of the Netherland & Sewell IER/CPR reports on Theta West and Alkaid. Besides, that is more than likely to be seen as very good news and send the share price higher.

Short term, a fund raise is more likely, and people may be selling to free up funds in anticipation of a discounted offer. Shorts also could be selling for one last throw. 2 thoughts here: If it was my decision, I wouldn't want to raise at this price, so anyone selling now thinking they could pick up stock cheaper might be very disappointed. There is also no guarantee that a fund raise would be discounted. The fall does however provide yet another opportunity to buy discounted stock, or close shorts.

I can't help think that the lower this goes, the more likely it is to attract an opportunitic bid. The market now values us at £140m, a huge discount to the sums spent to get us to this point and for a major, a relatively small sum to pay for the resources that appear on offer. Of course it won't go for that but how likely are shareholders to accept a low ball bid? The recent high of £1.50 a share is a long way off where we are now.

[nobbygnome] 12/5/2023 10:06

Its better than having backward buyers!?!

[kemche] 12/5/2023 09:35

?Classic treeshake to allow all the forward buyers in on the cheap.