Pantheon Resources Share Discussion Threads

[pro_s2009] 17/5/2023 13:42

There is a Webinar soon.

We all know PANR ramps upwzrds into Webinars.......and lots of new data is coming, so the Webinar ramp up should kick in soon.

Time to buy was today imo.......and I did.....and those buying today will soon be looking at 50% gains to take for profit if they want to.

Dangerous holding for 100% gains given how things screw up often, but an easy 50% gain is very possible imo.

[forwood] 17/5/2023 13:40

Proactive Investors - Pantheon Resources (LON:PANR) new and oversubscribed US$22mln equity funding represents a “show of force” and could lead to a rerating of the explorer’s shares, that’s according to stockbroker WH Ireland.

In a statement this morning Pantheon confirmed it had closed the books on a brief and successful bookbuild process which initially sought to raise US$10.5mln - it will now issue 104.17mln new shares priced at 17p each through the placing.

Further shares will also raise further funds through a retail offer on the PrimaryBid platform.

Cash proceeds are expected to help pay for another well test along with commissioning a new competent persons review of the company’s assets on the North Slope and other desktop work to advance the company’s discoveries.

“Most significantly, the show of robust institutional equity support for Pantheon Resources is itself a very significant development that, in our opinion, represents a turning point for company,” WH Ireland analyst Brendan Long said in a note.

“We make that statement in a context where equity capital raises and IPOs are at multi-year lows, while recognising that funding is critical for early-stage oil & gas appraisal projects – this is a show of force that essentially alleviates the most significant challenge for the company, namely, funding.”

He added: “The immediate catalysts outlined by the company, namely, an additional well test, critical technical reports on key assets and comprehensive subsurface work and modelling will, in our opinion, provide a solid platform on which to open a data room to potentially partially farm-down the company’s 100% working interests in exchange for funding and or work commitments.

“We highlight that the investment thesis supporting Pantheon Resources has not changed since they entered Alaska; it has however been strengthened significantly by the progress made by the company, today’s announcement is a ringing show of support that provides further strength to the investment opportunity.”

[pro_s2009] 17/5/2023 13:39

Onwards and upwards.............

26p target short term !!! Lets get this baby to 26p asap.

[padamster] 17/5/2023 13:36

Pro private messaged me saying he has not bought

[padamster] 17/5/2023 13:34

Sandcrab (Pro) you could not have bought as you have no money as you lost it all via your 100% error rate.

[pro_s2009] 17/5/2023 13:20

Yes......purchased from the market.

This is a "retail" stock and so it will always go down to the placing price......you are complete idiot if you hold and hold your losses and wait for a placing.

As I said........all the way down........wait and buy into the placing.


Unlike the muppets "topping up" at 80p and 70p and 60p and 50p and 40p and 30p and 20p and 18p..........

[padamster] 17/5/2023 13:14

What a loser Pro (AKA Sanbcrab)is. He lost out on his short and now claims he is long.

[sirmark] 17/5/2023 13:09

Cant see you 1.5mln share trade...don't tell me you done it small bites size trades lmfao

[pro_s2009] 17/5/2023 13:02

Well, I am now back in.

Waited for the fund raise and have purchased just over 1.5 million shares.

My target is 26p for a 50% gain.....but if it runs up hard and fast to 34p I will take a 100% gain.

[johnswan193] 17/5/2023 12:02

Hollywood moment alert! You know those movies where the bad guy dies but then at the end it shows a hand bursting out from the ground to show that he's still alive? Well it happened on LSE yesterday evening. That's right, he's back, and he's "in".

Scot126:

Ok, the much anticipated fund raise has just been announced. I'm informed the deal price will be 17p. Was also told the minimum amount to be raised (US$10.5m) has already been "more than covered". On that basis, I'm in.

Mechanics: if you have a full service private client broker, instruct them to ring your order directly to the Canaccord dealers. If not, suggest you go through Primary Bid.

Disagree entirely with Candlestick. "just because that’s what happens every time." That's just made up nonsense, I'm afraid. There are no academic studies which support this made up nonsense.

I suspect the shorters will be very unpleasantly surprised that the company has raised fresh capital.

[helpfull] 17/5/2023 12:01

Cor blimey, guv!™

I noticed poor swenny is now copying my posts.

I couldn't take part in the placing because I am not in the guild. Thank heavens.

swenny did. His average buying price has gone below 7p.

Be careful.™

™

[ohdearohdearohdear] 17/5/2023 11:50

"The balance of probability is very high that Pantheon's finds will be just as commercial as Prudhoe Bay"

Go on then Forwood. Define "very high probability". 95%? 90%? 60%? 30%?

[forwood] 17/5/2023 11:47

unhelpful, naughty is your repeated assertion is that this will fall to 10p.

Everyone who invests in oil search should know that oil finds need to be proved recoverable and with that commercial. That's why we have SLB and Netherton Sewell evaluating the drill results and seismic to date. SLB, if you recall, has already called 17.8 BNBBLS Net OIP and is currently working on recoverability. Working on a larger data set, the company calls it 23 bn net, and that is before additional estimates for the new leases. A conservative figure of 10% is used as an initial estimate for recoverability and in practice that has tended to grow, eg as in Prudhoe Bay, so far the largest on-shore oil field in North America, just 20 miles north of of Pantheon's leases. These are irrefutable facts, despite the lies promoted by soem of the shorting community.

The balance of probability is very high that Pantheon's finds will be just as commercial as Prudhoe Bay. You've been very lucky following the Directors' sale last September, and Pantheon's bad luck in hitting a gas pocket in its Alkiad 2 drill to get to where we are today. My strong suggestion to you is not to push it to others, nor indeed to pursue your own short agenda. The potential gains, even if the company continued to have difficulty proving the SMD from here, are limited, compared to what you've achieved to date.

[donkikong] 17/5/2023 11:46

it seems the most relevant to me. last I heard from Telemachus was the last time we were in the 90s where he was looking for a large order in the high 80s which was not filled as the share price then did not get there. he then said he hadn't purchased more afterwards when the share price went further down somewhere else.
since panr is one of the few stocks he holds and he hopes to gain a lot from it - he said so - and he exactly does not get options from the company, increasing his position here is how he would profit from the share price selling down from 100p. and since he had buying interest THEN and does not now (at more than 75% lower), or hardly has, this suggests to me that his high conviction has changed.

(Why only hardly? At 90p his holding was roughly 5x the current which means well over 1 million pounds. If he wanted to buy more then and suggest a significant purchase, I cannot imagine it would have meant just 25k.)

[ohdearohdearohdear] 17/5/2023 11:44

johnswan - I understand that was your focus. But folk are allowed to focus on different areas - hope you agree?

My focus is very much on telemachus's buy and it is entirely relevant (who knows why you think it is irrelevant....but that is irrelevant to me). Folk were overjoyed when he was appointed some months ago. This was the change. This was the difference. He gets it. He made his fortune (sitting on his yacht no less). He is a world leading expert. Yet here he is. Having been allowed to look under the bonnet. And he decides to buy 24K of shares. So it is entirely relevant.

[johnswan193] 17/5/2023 11:37

DK and Ohdear - Tele's buy is completely irrelevant here. He is a new appointment to the team. We do not know if £24k is small money or big money to him at this point in time, and nor did he benefit from the option sale in September. He will be in the red just like most other shareholders on here and his total holding is substantial. Hence the focus of my message was on the actions of the management team who made much larger sums prior to the share price collapse relative to their new buys.