Pantheon Resources Share Discussion Threads

[mike290] 23/11/2023 12:49

Just a reminder, as far as I'm aware, Scot126 still posts on X (formerly known as Twitter).

[mike290] 23/11/2023 12:46

Crayons. Be careful.

[helpfull] 23/11/2023 12:44

Cor blimey, guv!

The webinar was a good indicator of the problems ahead for Pantheon and why the 2028 timeline is too optimistic.

The sand supply is not sorted, and getting the desired sand might be a problem.

The design of the hot tap is determined by the oil pipeline manager and not Pantheon. Although Pantheon has a right to the link, one can imagine delays.

The problem Pantheon will have with suppliers is credibility.

They will always be at the back of the queue, behind the monied big boys and the established players.

A good example of that was shown in the delay of the NSAI report by six months to mid 2024.

Put up the cash or stand aside for the big boys, and they did just that.

Expect plans and timelines to be battered as 2028 approaches.

Be careful.

[mike290] 23/11/2023 12:42

As mentioned above, Scot126 has posted 2 messages about Pantheon on LSE today.
Here is the second message
Again, as before, I'm sure that he won't mid me reproducing it here.

"11:27

Hi sittingbush - this is solely from memory so I'm happy to be corrected. PH's TPs have been 50p then 20p then 0p. It's been 0p for the last two, maybe three notes???

The initiation of coverage note had 28 factual errors in the first two pages. I made sure the Guild on the other place knew of that.

Yep, you could say the analyst was right and he's called it beautifully. As is often the case in life (!), he was right (on the SP) but for all the wrong reasons. He misunderstood both the geology and the development model - and refused to be educated or corrected on both counts.

Despite wholly misunderstanding those two cornerstones of the investment case, the co-ordinated bear campaign + director sales + Alkaid-2's failure to meet guidance delivered the share price performance he had forecast!

Personally, I can't help wondering about the PH analyst's involvement in the bear raid because a couple of the highest profile bears publicly admitted to being clients of PH and in regular touch with the PH O&G team. We'll likely never know. [These are some of the same bears who said I was a convicted criminal in Alaska, hacked my computer, said there was no oil, said there was no regional seal present at Talitha, etc, etc]

Sadly, PANR didn't have the share register to withstand the factless bear attack plus the Alkaid-2 failure to meet guidance. But let's be crystal clear, the PH analyst did not forecast any of the technical problems with Alkaid-2. He was right (SP) but for the wrong reasons.

Ref. webinar. It should be obvious to all who viewed the webinar that there are serious ongoing discussions with

oil service vendors about finance. 6 NDAs, with each spending hundreds of thousands of dollars to conduct due diligence. If a deal is announced I guarantee you 99% of the bears and trolls will simply disappear, never to be seen again. A couple of honourable ones might hold their hands up and say they got it wrong. So they're right.....until the split second they're wrong. And that's it in a nutshell.

The directors are not fraudsters or scammers. They're professionals going about their chosen profession. I have seen zero evidence of unethical or illegal activity connected to PANR in all the time I've known them (>10 years). If I had seen anything like that, I would have sold up and moved on. Make of that what you will."

Again, Good Luck to all existing and potential Pantheon shareholders, Mike (my note).

[mike290] 23/11/2023 12:42

Scot126 has posted 2 messages about Pantheon on LSE today. Here is the first message
I'm sure that he won't mid me reproducing it here.

"Ok, bit more info on the Peel Hunt coverage. DarrthVader was spot on (thanks for the prod to investigate, Darrth). Peel Hunt withdrew their latest PANR note and it is no longer available on their client portal website, I'm told. I don't *think* there has been a retraction issued but there *may* be a revised note to follow.

I've been around when brokers have retracted/corrected/withdrawn research notes. It is nearly always due to errors of fact. Naturally an analyst is free to communicate their opinion or to arrive at a valuation using their declared methodology. However, making factual errors, and even worse relying on those errors to arrive at a non-guided and non-consensus conclusion is viewed rather dimly, very poor form.

I know for a fact that some of the loud-mouthed bears have pointed to the PH "research" as supportive of their trading stance. If ever we see such comments expressed on public forums again, we can all now confidently rebut such posts by stating with certainty that PH has withdrawn their latest note on the company. Good stuff.

As for the share price weakness.....it is what it is. It's b*gger all volume, even less when you measure it in sterling and take account of double counting! Listen to the webinar and read the latest RNS. Six NDAs signed ("and growing") with "all the usual suspects". I appreciate there are clowns out there saying the company is going around the City right now to raise money. I can categorically state that is NOT the case. The NOMAD would not have permitted Hobbs to buy $250k of stock last week or to have recorded a webinar on Tuesday if that was the case. Plus, I spoke with the company.

If you believe in the BoD, the asset and the fundamentals you buy/hold. If you don't, you sell"

Good Luck to all existing and potential Pantheon shareholders, Mike (my note).

[mike290] 23/11/2023 12:35

As mentioned above, Scot126 has posted 2 messages about Pantheon on LSE today.
Here is the second message
Again, as before, I'm sure that he won't mid me reproducing it here.

"11:27

Hi sittingbush - this is solely from memory so I'm happy to be corrected. PH's TPs have been 50p then 20p then 0p. It's been 0p for the last two, maybe three notes???

The initiation of coverage note had 28 factual errors in the first two pages. I made sure the Guild on the other place knew of that.

Yep, you could say the analyst was right and he's called it beautifully. As is often the case in life (!), he was right (on the SP) but for all the wrong reasons. He misunderstood both the geology and the development model - and refused to be educated or corrected on both counts.

Despite wholly misunderstanding those two cornerstones of the investment case, the co-ordinated bear campaign + director sales + Alkaid-2's failure to meet guidance delivered the share price performance he had forecast!

Personally, I can't help wondering about the PH analyst's involvement in the bear raid because a couple of the highest profile bears publicly admitted to being clients of PH and in regular touch with the PH O&G team. We'll likely never know. [These are some of the same bears who said I was a convicted criminal in Alaska, hacked my computer, said there was no oil, said there was no regional seal present at Talitha, etc, etc]

Sadly, PANR didn't have the share register to withstand the factless bear attack plus the Alkaid-2 failure to meet guidance. But let's be crystal clear, the PH analyst did not forecast any of the technical problems with Alkaid-2. He was right (SP) but for the wrong reasons.

Ref. webinar. It should be obvious to all who viewed the webinar that there are serious ongoing discussions with

oil service vendors about finance. 6 NDAs, with each spending hundreds of thousands of dollars to conduct due diligence. If a deal is announced I guarantee you 99% of the bears and trolls will simply disappear, never to be seen again. A couple of honourable ones might hold their hands up and say they got it wrong. So they're right.....until the split second they're wrong. And that's it in a nutshell.

The directors are not fraudsters or scammers. They're professionals going about their chosen profession. I have seen zero evidence of unethical or illegal activity connected to PANR in all the time I've known them (>10 years). If I had seen anything like that, I would have sold up and moved on. Make of that what you will."

Again, Good Luck to all existing and potential Pantheon shareholders, Mike (my note).

[mike290] 23/11/2023 12:33

Scot126 has posted 2 messages about Pantheon on LSE today. Here is the first message
I'm sure that he won't mid me reproducing it here.

"Ok, bit more info on the Peel Hunt coverage. DarrthVader was spot on (thanks for the prod to investigate, Darrth). Peel Hunt withdrew their latest PANR note and it is no longer available on their client portal website, I'm told. I don't *think* there has been a retraction issued but there *may* be a revised note to follow.

I've been around when brokers have retracted/corrected/withdrawn research notes. It is nearly always due to errors of fact. Naturally an analyst is free to communicate their opinion or to arrive at a valuation using their declared methodology. However, making factual errors, and even worse relying on those errors to arrive at a non-guided and non-consensus conclusion is viewed rather dimly, very poor form.

I know for a fact that some of the loud-mouthed bears have pointed to the PH "research" as supportive of their trading stance. If ever we see such comments expressed on public forums again, we can all now confidently rebut such posts by stating with certainty that PH has withdrawn their latest note on the company. Good stuff.

As for the share price weakness.....it is what it is. It's b*gger all volume, even less when you measure it in sterling and take account of double counting! Listen to the webinar and read the latest RNS. Six NDAs signed ("and growing") with "all the usual suspects". I appreciate there are clowns out there saying the company is going around the City right now to raise money. I can categorically state that is NOT the case. The NOMAD would not have permitted Hobbs to buy $250k of stock last week or to have recorded a webinar on Tuesday if that was the case. Plus, I spoke with the company.

If you believe in the BoD, the asset and the fundamentals you buy/hold. If you don't, you sell"

Good Luck to all existing and potential Pantheon shareholders, Mike (my note).

[mike290] 23/11/2023 12:24

Only caught the last few lines of your above post.

Would anyone trust your maths or anything else that you write?

You must be joking.

[helpfull] 23/11/2023 12:21

Cor blimey, guv!

How big is the cash raise going to be?

Capital Cost to First Production = $120 million

The $120 million outlined above is just the cost of the three wells expected to be drilled by the time production starts up.

FID due end of 2025 for first production in 2026.

But the company is going to drill 10 wells in the first year (of which eight would be production wells) and a further 16 wells in the second year (of which 12 would be production wells).

So that's 10 wells in 2026.

At $20 million each.

That's $200 million in total.

Or $260 million including add ons.

And no RBL.

There is a looming cash raise(s).

And it could be $260 million.

That's at today's prices.

Or a dilution of 1,000,000,000 shares.

Every share you buy today might have a little fwend when you wake up tomorrow.

Be careful.

[mike290] 23/11/2023 12:20

hondacbf, Hi.

Good morning.

In answer to your question on the other Pantheon thread:

If some didn't dispute virtually everything that Pro_S2009 or Helpfull write, because they both write deceitful nonsense in every post, other readers might start to forget that they are both completely dishonest.


Not a chance of that from me though ;-)

[mike290] 23/11/2023 12:16

hondacbf, Hi.

Good morning.

If some didn't dispute virtually everything that Pro_S2009 or Helpfull write, because they both write deceitful nonsense in every post, other readers might start to forget that they are both completely dishonest.


Not a chance of that from me though ;-)

[mike290] 23/11/2023 12:11

ps. The reason that I don't filter Pro_S2009 and Helpfull is so that I can still see the threads that they have created (in expectation that someone other than them will post something useful).

[kemche] 23/11/2023 12:10

Mele, you would not know wisdom if you it slapped you around the chops.

"If the wise are averaging down then what does that make others who are buying low to start with ??" It makes them wiserer. Simples. They do not detract from the wisdom of the average downers in the least.

Sheesh!

[mike290] 23/11/2023 12:10

ps. The reason that I don't filter Pro_S2009 and Helpfull is so that I can still see the threads that they have created (in expectation that someone other than them will post something useful).

[hondacbf] 23/11/2023 12:10

I am at loss to understand why anyone would trouble to enter in to a discussion with pro_s2009. He appears, for some obscure reason, to get some perverse satisfaction out of denigrating Panr. Please, please ignore him!

[mike290] 23/11/2023 12:06

As Pro_S2009's posts are always designed to mislead, I rarely read them.

I rarely catch anything by Helpfull either.

They are both overdoing it. Perhaps they should aim for quality over quantity.

Following Pantheon's most recent RNS, Pro_S2009 must have written several hundred lines (over dozens of posts) yesterday. However, I probably only caught 10 or 20 lines - by mistake ;-)

Both Pro_S2009 and Helpfull continue to be laughing stock

[mike290] 23/11/2023 12:02

As Pro_S2009's posts are always designed to mislead, I rarely read them.

I rarely catch anything by Helpfull either.

They are both overdoing it. Perhaps they should aim for quality over quantity.

Following Pantheon's most recent RNS, Pro_S2009 must have written several hundred lines (over dozens of posts) yesterday. However, I probably only caught 10 or 20 lines - by mistake ;-)

Both Pro_S2009 and Helpfull continue to be laughing stock

[kemche] 23/11/2023 11:59

And there we have it - BLUE!

[kemche] 23/11/2023 11:58

If anyone thought that the MMs would not treeshake then they need their heads examined. The wise continue to average down.

GLA LTHers!

[mlf51] 23/11/2023 11:46

Really, you thought Ohdrearydreary was intelligent? I must have missed that post