Pantheon Resources Share Discussion Threads

[forwood] 14/3/2024 10:36

Good advice from Jonty, helpless. You should have gone long at 10p, to make 3x your investment. Hindsight trading is always easy but when situations change it's always best to change your view.

On funding, I don't think there is any difference of opinion between the Chairman, Rabito and myself. News on funding and an equity based cash raise are not the same thing. If you're holding out for the share price falling significantly after a cash raise, you are likely to be very disappointed. We know they are talking now about vendor based financing for the drilling programme. News on that is expected to improve the share price substantially. A cash raise on top of that is likely to be over-subscribed and will improve sentiment even further, as it will remove funding as a strategic constraint, and probabkly enable further drilling on the new lease areas (particularly East Ahpun), as was also flagged in the AGM webinar.

[helpfull] 14/3/2024 10:22

Cor blimey, guv!

Thanks Jonty from South Africa.

I wish you well.

I suspect the new shares have been priced at 24p or a 20% discount.

No mention "who" the shares have been issued to this time.

It is an interesting point.

In the $120 million cash that is intended to be raised there is no allowance for the $26.95 million loan/interest still to be paid.

I presume that will mean more shares to be issued.

Be careful.

[helpfull] 14/3/2024 09:34

Cor blimey, guv!

"went on the say funding news by 'end of quarter' another 3 times"

"which would suggest no immediate plans for a cash raise in my opinion"

What we have here is a difference of opinion.

Between Forward and 'Obbsy and Rabidtoe.

The cash raise is coming.

Another difference of opinion by the loveable Helpfull.

Be careful.

[forwood] 14/3/2024 09:32

'words ... are simply that, words'

I'd trust the words of our Chairman over yours any day, helpless!

[helpfull] 14/3/2024 09:21

Cor blimey guv!

The RNS today is a good example that "what was said" and what exactly emerges might not be the same.

The words in the AGM webinar are simply that, words.

The actions today are the reality.

Shareholders have been primed for the fund raise not to involve any share issue/dilution.

That may be incorrect.

Be careful.

[rabito79] 14/3/2024 09:16

So we have belatedly hit Sirmark's 30p target whilst we still wait for the imminent large placing Helpful predicted in December (and earlier).The board appear not concerned about any short term pressure from selling of the convertible shares which would suggest no immediate plans for a cash raise in my opinion. No surprise given there are are no big tickets items/funds needed until well into next yearFurthermore we have a number of imminent new releases due in the weeks/months ahead. Meanwhile Helpful clings to the pseudo science from Brevarthen which has largely been debunked in recent tweets/website updates.Keep helping

[forwood] 14/3/2024 09:13

Shall we just remind you what was said at the AGM webinar?

'we told you that we would anticipate having the first substantive announcement around the non-equity based funding during the first quarter. We are still on track for that. We told you that we anticipate by the middle of the year having the full suite of funding laid out for you and we're still on track for that. We're at a stage in discussions where I'm not sure it's going to help us in terms of our counterparties to start talking about anything else, so you should expect that we're going to be quiet around noise on that over the course of the next couple of months, getting to that point when, by the end of the first quarter we're able to share with you more substantive news. But what I can tell you is that our strategy is going to be that: Rule 1, you never go bust because you had too much cash and Rule 2, you can always get cash when you don't need it, and it's hard to get it when you do need it, so we're going to be using those two rules as a watchword. We will fund this conservatively, we will make sure that we are always going forward over capitalized against foreseeable needs for capital and that will be our guiding principle, along the way. '

He went on the say funding news by 'end of quarter' another 3 times!

[helpfull] 14/3/2024 08:54

Cor blimey, guv!

"I wonder what pearls of wisdom have left you this morning, all I do know is that it will not contain a single point of interest"

That's rich coming from one of the least interesting posters whose only claim to fame is that he has the lovely Helpfull filtered yet can still post on the thread.

The clown boer.

Be careful.

[mlf51] 14/3/2024 08:43

I wonder what pearls of wisdom have left you this morning, all I do know is that it will not contain a single point of interest for LTH.

[seedoftongo] 14/3/2024 08:38

Don’t feed them michael , it’s what they want .
Go to the guild .

That’s what you said .

[michaelsadvfn] 14/3/2024 08:35

It all suggests the vendor financing is not so readily available....

Absolute tosh.

The rising share price is telling you otherwise.

[mlf51] 14/3/2024 08:34

Cor blimey luvStill moaning? Still going up. Not long.Be honest

[helpfull] 14/3/2024 08:29

Cor blimey, guv!

"Cash for the March convertible bond repayment was raised in December, as notified
by RNS 14/11/23"

Of course it was.

But it hasn't been used for such.

Conserving the cash!

It all suggests the vendor financing is not so readily available.

Have you woken up in Q1 and found it all sorted yet?

The cash raise(s) bump in the road might be bigger than you think.

And sooner.

Paid through the nose by shareholders.

Be careful.

[mlf51] 13/3/2024 18:01

You can filter her, I have

[mike290] 13/3/2024 17:22

I try to avoid reading anything from Helpfull.
It's always deceitful nonsense.


If I could "filter" Helpfull and still see this thread (to post my warnings on), I certainly would.

[seedoftongo] 13/3/2024 17:03

Forget the share price ….

What we all want to know is why cowardly OWL 🦉 cowers in the guild ….

It was a ruthless destruction on here though.
His feathers 🪶 effortlessly plucked .
Naked no feathers exposed Owl 🦉 .

[helpfull] 13/3/2024 16:49

Cor blimey, guv!

So you were lying, mistruthing, spinning a yarny, misdirecting, being fraudulent was you?

Who would've thunk it?

Be careful.