Pantheon Resources Share Discussion Threads

[forwood] 13/11/2024 11:15

Deepcut, 'the market' has been heavily influenced by the short side attack that drove us from 150 to 10p lows. Under such an attack, it is inevitable that solid long-term holders would have sold, if not traded, their holdings. The company's response has been to assure the validity of reported resources, with IERs from Netherland Sewell, Lee Keeling and Cawley Gillespie, and building on the work of market leading oil service companies SLB and Baker Hughes. Pantheon has continued to press ahead with plans to exploit and expand their well-positioned resources next to the Dalton Highway and Trans Alaska Pipeline system (TAPS), as outlined by olderwiser in post 39404 above.

We now have just one short holder, Mangrove, with c 11.3m (1%) short as at 24 Oct, reducing from about 1.53% on 11 Sept. Many think that they will want to reduce if not eliminate their short position now, and the encouraging news of Trump's support for the pipeline should not have escaped their attention. However, since their last report, the share price has increased substantially from c 17 to 28p, almost 65% so it perhaps unsurprising they have not immediately continued to reduce (As an aside, Scot recently talked with Mangrove's compliance officer, following which they clarified their position and I assume they will now be more diligent in their reporting).

As an older long-term investor myself, I can well understand your frustration and desire to benefit from your holding. Our prospects have often seemed like 'jam tomorrow', with requirements such as as Environmental Impact Statement (EIS) extending still further the development timeline before we are income generating. Given the EIS requirements were extended by Biden, there is a possibility they may be reduced by the new administration.

However, there is also a school of thought that the company could well attract bid interest, particularly on evidence of oil prospects rising towards the 3bn mark from a successful Megrez drill, plus concrete moves towards building the gas pipeline. There are not many confirmed prospects in the hands of relatively small-scale AIM oil explorers! That can only boost the SP, even if shareholders decide not to sell to the first suitor that comes along. So, hang on to your mortal coil for a year or two yet!

[michaelsadvfn] 13/11/2024 11:09

I topped up at 8.30 !!

[mike290] 13/11/2024 11:00

Jump to it! 😁

Why do you think I've used PlusOne coins for ages?

[ognotfodees] 13/11/2024 10:36

Millingstone , did you see Mike reveal his hand yesterday ?

It was an admission that he hasn’t got what it takes .
He knows he can’t hold the top spots for long .
It’s just fleeting moments in the sun only.


He used to have so much fun on here .
But now , he has less fun .

[references] 13/11/2024 10:27

Back into positive territory.

[helpfull] 13/11/2024 09:48

Cor blimey,guv!

"Mike wants to bury cobra Kai’s chart!"

Why?

cobra Kai’s chart is an important pictorial.


free stock charts from uk.advfn.com


The support/resistance levels are well defined.

20p, 23p, 25p, 28p, 31p, 35p.

A traders paradise.

The share price rises (28.2p), takes a breath (25.1p) and prepares for more upward momentum.

Traders, like Mike290, want to frighten the horses and hide the natural upward waves, only to get back in before the next increase.

For the ordinary shareholder it creates a "wall of fear" that has to be climbed to enjoy higher prices.

Recognise the steps:


free stock charts from uk.advfn.com


Again, the share price has stepped back inside the Bollies, allowing headroom for the next step up.

Be careful.

[millennialinvestor] 13/11/2024 09:25

Mike running low on coins. ouch.

[ognotfodees] 13/11/2024 09:16

Mike wants to bury cobra Kai’s chart !
Why ?

Looks like someone has docked him again at a time of their choosing .
He tries his best but he knows his time in the spotlight will only ever be fleeting .

😂😂😂😂8514;😂Ԁ77;👍👍;


Mike must be giving the coins to himself then.
Not in the true spirit of the use of the coin

[mike290] 13/11/2024 08:41

The extremely low quality of this thread is amply demonstrated by the fact that the post of the day (as selected by Helpfull), summarised below, has been in place for weeks.

... green blue...through .

... yellow brown ... clown .

...orange red...head .

As muchaelsadvfn put it, this thread is bilge, bilge and more bilge.

Ps.
I'm adding this post into the top 3 posts section above.
Jump to it!

[mlf51] 13/11/2024 08:18

Transitioning from explorer to producer takes time, patience is required. The shorts and day traders heave the upper hand currently that won't be for much longer hopefully, funding will get sorted soon.

[deepcut] 13/11/2024 08:12

I don't disagree with anything you say OW. Yet the market doesn't buy it hence the low share price that doesn't come anywhere near valuing the assets. And the clockwork like sell off following every rise. As a long term holder who wants a return before I leave this mortal coil, it is very hard to stay motivated.

[ognotfodees] 13/11/2024 06:24

Why was rabbit trying to bury cobra Kai’s chart ?

Can’t explain that can you Micky boy

[mike290] 12/11/2024 23:22

Post removed - Not required.

[mike290] 12/11/2024 23:18

Post removed - Not required.

[ognotfodees] 12/11/2024 22:52

Why was rabbit trying to bury cobra Kai’s chart ?

[sirmark] 12/11/2024 21:00

Strong day tomorrow IMO