Pantheon Resources Share Discussion Threads

[mlf51] 19/3/2024 08:34

Cor blimey luvPro's army at its best lmfao.Be honest

[seedoftongo] 19/3/2024 06:36

What is yer average Rab lad ?

Did you get carried away thinking “ this time it’s different “ ?
What do you need to break even ?

[forwood] 19/3/2024 02:21

'Explain how they galvanize the share price.'

No. You asked some serious questions, I answered. Dismissing those may play to the gallery of your short friends but will be the last time I take you at face value.

[rabito79] 18/3/2024 22:35

Nobody went short at 10p, everyone bought at £1.40. There were plenty of bags to be taken off the table in the run up. Maximum loss ~90%, maximum gain ~2000%, there's your like for like.

[helpfull] 18/3/2024 21:34

Cor blimey, guv!

Rabidtoe,

Those who bought at £1 are down 75%.

You should ask what about those who went short at £1.

Compare like to like.

Nobody went short at 10p.

Be careful.

[helpfull] 18/3/2024 21:21

Cor blimey, guv!

Seedoftongo is correct.

Way too long.

"Reality is that funding news of vendor support is imminent. Next step then would
be offtake funding. Both of these events have the capacity to galvanise the share
price towards a £1"

Explain how they galvanize the share price.

Be careful.

[seedoftongo] 18/3/2024 20:26

Post way too long …

Speculative buy , shame some of the bully gang lumped in at the top end of those Spikey spikes .
Some proper bitter investors in here having to hang on for possibly a very long time …

[forwood] 18/3/2024 19:37

Helpless asked:

Q. Could you show your workings for this figure?

Let me turn that around and ask whether you can point to any workings which justify the current price or lower?

Canaccord Genuity has this as a Speculative Buy, with the last target valuation when the share price was 19.53p, at 105.00p. That itself was a reduction from previous targets at 155p.

That figure is supported by the monthly chart, which is poised to return to previous highs. My view is that in 3 to 5 years, it will very comfortably exceed previous highs. In line with the company's $5 - 10 per recoverable barrels, at 2.2bn boe (which I fully expect will increase in due course), that will be worth £8.646 bn at the $5 level. Even if the issued shares increased to c 1.25 billion, which I doubt, the upside is huge.



Q. Are vendor financing and offtaker financing to be done separately?

I don't know but that seems likely. It would be better to project offtake costs / income when you know what your cost of capital is.


Q. What do you estimate the shareholder dilution to be?

Again I don't know, but the Chairman is a major shareholder and has repeatedly stated his intention to minimise dilution. Given the intention to raise $120m to set the stratgey into operation that will fund the further investment required within 5 years, I guess that the company might require around $75m in G&A costs and at this stage $27m to repay the Convertible Bond (if desired), plus a $23m contingency. It won't need that all at once and there must be considerable uncertainty at this stage about how much of that could be funded by revenue not required for operational development. Currently with just 945m share capital, an increase of 125m at say £1 a share is not a big stretch.

Are the vendor and offtaker financiers going to value the Pantheon oil in the ground at $5-$10 per barrel?

Again, I don't know how they will value the oil but I think that is unlikely and that it will be related more to estimates of the actual oil price going forward. $5-$10 per barrel I see as more relevant to market valuation of the company, once it starts throwing off cash from its assets and has better validated the extent of those assets. It's perhaps less relevant for the vendor financing, though it will impact guarantees on ability to service what are in effect loans. The offtake deal could be a % reduction off the prevailing price over a suitable period, in return for an upfront capital payment.

The consensus is that oil production around the world is contracting and that the PoO will continue to increase. It is already $87, some way above the $70 valuation Pantheon has used in its projections.

If these were serious questions rather than an attempt to get ammunition against a positive future appraisal, I hope that helps. These are just my musings on what might happen in future based on what we know now about the market and Pantheon's plans. It doesn't take account of any extra drilling that has been flagged as possible to assess the new lease areas.

What I actually think about the future here is that as soon as Pantheon demonstrates the extent of the asset and its ability to produce, big oil will be interested in acquiring the company. I think that is a distinct possibility within 2 to 3 years.

[rabito79] 18/3/2024 18:45

Those who went long at £1 are down 75%, what about those short at 10p? The well may have not hit pre target rates but it did enough to prove the fields can be commercialised, as shown by the third party modelling carried out by SLB et al. Of course some ex-fund managers with zero industry experience, minimal technical knowledge and with a minimal amount of the data claim SLB, Lee Keeling & Associates are producing 'fantasy' flow rate and EUR numbers. They seems to think they may have overlooked things such as porosity, permeability and reservoir pressure when modelling flow rates and EURs. Anyone going short based on these guys 'expert' opinions needs their head read IMHO.The industry understands the data and the service providers understand the scale of the contracts on offer. Just a matter of time.

[seedoftongo] 18/3/2024 18:32

Foreskin and a few others in the bully gang took nibbles at over £1 .
They need new investors to pull them out of this hole they find themselves within .

[jontyfromsa] 18/3/2024 18:14

Haha i actually think all the scum that come out of the woodwork are the same single person in here. I pray whoever you are stay short. You’re going to get badly burnt

[ohdearohdearohdear] 18/3/2024 17:16

"Anyone hoping for megabucks on a short will be disappointed. I can guarantee that."

This guarantee from the man who claimed that the probability of the well being commercial was "close to 100%".

How much value does anybody place on a forwood guarantee I wonder.

"Far better to go long and take that ride up. Remember those going long at 10p would have made 300%. The shorts kept banging out their lies and negativity - didn't stop the share price going up, and it won't again."

What about those who went long at above £1 forwood? Asking for a friend.

Anyway - on to the real question. Has Hobbsie found anybody to put money into this yet (except the gullible PI of course)?

[helpfull] 18/3/2024 17:07

Cor blimey guv!

"Reality is that funding news of vendor support is imminent. Next step then would be offtake funding. Both of these events have the capacity to galvanise the share price towards a £1"

Could you show your workings for this figure?

Are vendor financing and offtaker financing to be done separately?

What do you estimate the shareholder dilution to be?

Are the vendor and offtaker financiers going to value the Pantheon oil in the ground at $5-$10 per barrel?

Because any supposed farm in partners, shareholders are told, do not.

Be careful

[mlf51] 18/3/2024 16:45

Cor blimey luv pro's army must be in trouble if they have recruited you again.Be honest

[forwood] 18/3/2024 16:34

Company reported a post period end cash balance of $8.7m as at 15 March 2024, so by your reckoning, they could go more than 8 months without needing extra funding.

Reality is that funding news of vendor support is imminent. Next step then would be offtake funding. Both of these events have the capacity to galvanise the share price towards a £1, at which point they might raise some equity. Very hard to say what the picture will be by the autumn.

Anyone hoping for megabucks on a short will be disappointed. I can guarantee that.

Far better to go long and take that ride up. Remember those going long at 10p would have made 300%. The shorts kept banging out their lies and negativity - didn't stop the share price going up, and it won't again.

You have to see which way the wind is blowing here. The short thesis - not that ever amounted to more than a pack of lies - has been thoroughly discredited by the drill bit and leading industry specialists in resource evaluation. Time to go long....

[helpfull] 18/3/2024 16:17

Cor blimey, guv!

Helpfull understands the company is burning through $1,000,000+ a month in administration expenses.

And just under $1,000,000 a month in loan/interest payments which now need to be settled by discounted share issue.

And that $120,000,000 needs to be raised to meet future commitments.

How much of that is to be met by share issues?

Be careful.

[rabito79] 18/3/2024 15:54

Hi Jaknife, a lot has changed. Helpful has now taken your role of misunderstanding RNSs and posting technical gibberish. In regards to fundamentals today's interims are a good source of what's been happening.

[jaknife] 18/3/2024 15:53

Is everyone in agreement that today's accounts are awful and PANR obviously need to raise cash yet again?

[seedoftongo] 18/3/2024 15:34

We are truly honoured to have JakNife on this thread.
Welcome to PANR.

The “ gang “ on here may try to bully you .
They try this on any dissenting voice.
However , this backfired for one of their gang the other month when the tables were turned .

His name OWL 🦉 ( olderwiser ).
Sick of the bullying , owl 🦉 was repeatedly challenged until he withdrew his talons and flew away in disgrace .

[sirmark] 18/3/2024 15:08

The CB got their shares today hence the added weakness... I should have waited to be fair ..but with news due any-day that will transform the company...who want's to wait .. will anyone care if you bought at 25p or 30p when we're back into the pounds+ again !

That's my 100k complete & done :)

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