Pantheon Resources Share Discussion Threads

[cezuan] 31/5/2023 17:11

nobbygnome I do not use these ADVFN concepts. Could those be the shares traded at the close?

[nobbygnome] 31/5/2023 17:03

You avoided the question. Why was the UT 40-50 times higher today than the average for the whole of May?

[cezuan] 31/5/2023 16:57

the difference today is that 35m traded at the close. panr traded a huge range over the last days which it has done multiple times in the 2018 and 2019 regression downtrends. there is nothing out of the ordinary to it.

they also didnt just dump millions of shares into the open market, dragging the price down, which is probably what echoridge would want to call rebalancing weakness. but the price wasnt depressed.

[nobbygnome] 31/5/2023 16:51

Kemche you are a star…but very LNW!

Do you think the underverse, market centrel and the heads of desks are involved here too…

[nobbygnome] 31/5/2023 16:49

And going back even further the UTs every day in May have been between 100k and 400k! So you need to explain what is different today if it’s not due to the index rebalancing!

[nobbygnome] 31/5/2023 16:43

The UTs in the last 6 trading days have been 377k, 282k, 332k, 248k, 238k and 274k. Today’s UT is most definitely the outlier…and there must be a reason for that!

[cezuan] 31/5/2023 16:41

no, nobbygnome. when I say "the only reason panr is down today, xyz" feel free to quote me against myself.

[cezuan] 31/5/2023 16:40

padamster, I can be wrong, but it's about whether he can say for sure that the price fell because of rebalancing. You would have to know more than just that.

[echoridge] 31/5/2023 16:39

just this once: 'rebalancing doesn't explain price'. Yes it absolutely does, you clueless so-and-so. Ejection from an index makes PRICE-INSENSITIVE sellers of index fund managers charged with tracking that index. Of course, in a case like this, it often is even more complicated than that, but I share that to try and demonstrate - in the most straightforward way possible - that this kind of rebalance could not be any more price-determining if you tried. Now pick up that book and put down the keyboard.

[nobbygnome] 31/5/2023 16:38

So Cezuan, are you not speculating too?!?

[cezuan] 31/5/2023 16:37

echoridge, stop speaking as if you know things for certain. you do not. don't say "this is the only reason why panr would trade like xyz" when it has traded like this at multiple points in the past without re-balancing. it's a simple argument.

also dont try to impress anyone with etiquette. if you knew anything you could just name it. but you only have speculation. act like it. you are not a "big boy" the way you are talking.

[padamster] 31/5/2023 16:33

Cezuan - you cannot be more wrong

[echoridge] 31/5/2023 16:33

cezuan, stop. Your experience trading AIM gold miners is as meaningless as whatever the f regression trends are. This is big boy stuff and you need to read first and stop trying to share gibberish.

[echoridge] 31/5/2023 16:30

In fact, I'll go a step further: Not necessarily knowing for sure that the rebalance day would be this massive and sloppy, but betting that it could be, may well be the reason that Mangrove had not seemed to cover their short as yet, and instead they may well had decided to run it into today's rebalances. If I'm right, look for a TR-1 from them over the next couple of days.

[nobbygnome] 31/5/2023 16:30

These issues tend to become a self fulfilling prophecy. If enough people believe in the ongoing situation, then it will influence their behaviour. So the fall will be overdone and the rise will be similarly sharp…

[cezuan] 31/5/2023 16:27

rebalancing doesn't explain price. it happens regularly in all junior miners and has happened in panr before. whatever you think you know, you don't.

[nobbygnome] 31/5/2023 16:21

It would be good if the shorters/derampers apologise tomorrow if/when we are proved correct. Undoubtedly I will admit I am wrong if the price continues it’s downward trajectory in the next couple of days…

[padamster] 31/5/2023 16:18

John - there’s always a silver lining -cheap cheap shares to buy

[sandcrab2] 31/5/2023 16:15

Certainly this analysis suggests that most of Panrs fields are gas rich
Which reduces the value somewhat

"Pantheon Resources (PANR.L; PANR LN) - by Anon"