Pantheon Resources Share Discussion Threads

[winner66] 20/10/2021 16:18

Forwood nice hedged post . It might it might not but it might but it might not. Fence sit sit fence . What ever way you cut it the investment case is very sound. If there’s a little fear compounded by market makers then a good time to take advantage. The big question is what the most likely share price in 6 months time . Under or over 150p. I know what my thinking is.

[scot126] 20/10/2021 16:14

FYI - ANS (Alaska North Slope) West Coast price per barrel on 18/10/21 was $85.02 v's $84.33 for Brent.

[forwood] 20/10/2021 15:21

The key question for me is whether 75 will hold or will it drop further to c 70/71.5. There was an attempt just now to call the bottom at around 75.6 but sellers are not giving way. There's now a tussle with as yet no clear outcome.

Short term indicators were stretched to the downside - ie oversold. However, daily MACD still has a long way to go and in the ordinary course of events, it would continue to unwind for the next 3 weeks. That doesn't mean the share price will continue to fall - there will be up days! - but it suggests the lower target is more likely.

FWIW, I have scaled in some buys.

[sirmark] 20/10/2021 13:49

Updated :)

There's no science behind the retrace only they do often fall about half but as that's done I expect as some also agree a very sharp rally.... was this just the mm's covering the stock from the US yesterday that had nearly 600k share in the last hour all buys...

[winner66] 20/10/2021 13:35

If we check the chart for the maths , then half of 19 is 28.5. 😂😂😂

[pharmawotsit] 20/10/2021 13:30

 sirmark - Not sure I'm with you on your maths there. Half of 19 is 9.5, surely ?

[poohbear1] 20/10/2021 13:17

I agree with the every positive Sirmark. The stock is down 15% from the high. If you look back at the chart over the last 12-18 months, pullbacks of 15-20% are very common and the snap backs are very violent to the upside. Pantheon is Jekyll & Hyde. It goes from no-one wanting to own it to everybody wanting to own it. With at max 2-3 weeks more before we get funding news this could be one of the last opportunities to get in sub 80p. IMHO DYOR

[bit coin] 20/10/2021 13:10

Thanks now I see where you're coming from, but still expect you to add another million:)

[sirmark] 20/10/2021 13:02

Bit Coin
If it had retreated by 50% many here would be suicidal, so let’s stick with 5% Sirmark,

If you read the post it state the 50% retrace from the last leg up from 70 -89p high 19 points -50% = 9.5 add to the start of the last leg 70p = 79.5p :) (a 50% retrace from the last move)

[ngms27] 20/10/2021 12:59

Michaelsadvfn, I didn't raise the water disposal issue so didn't highlight a problem. I only did the courtesy of a reply. Course it will impact development if it needs to be reinjected....

You need to understand the difference between root and cause as you just nitpick at everything I say no matter what the context, so is your love for me.

[bit coin] 20/10/2021 12:57

If it had retreated by 50% many here would be suicidal, so let's stick with 5% Sirmark, Unless that's what you hope for to pick up another million Aye!

[hiddendepths] 20/10/2021 12:55

PrimaryBid is NOT the funder of last resort, unfortunately. Some brokers are pushing a PrimaryBid element to a placing as a way of being able to say that private investors have been given the chance to invest alongside the institutional placees, which is a partial truth. However, there are repercussions - the placing price often seems to be set at a lower price than it would have been for a start. Then there's the fact that most of the shares issued through PrimaryBid go to short term, sequential punters in any bloody share that seems to offer the prospect of a quick return. The result of this is that the shares often fall to the placing price, or below, and hang around that level until the unnecessary overhang is removed.

As you can tell, although it's not last resort, I'm not a fan!

[sirmark] 20/10/2021 12:24

70p-85p was the last push northwards, we have now retraced 50% I am expecting this week to now start our re-ascent to the 89p and a big push towards the pound in the coming week as we approach November.. let's be fair that's the month it WILL happen if not before.

Short term blips pullbacks are all part of the parcel of an ascending stock and it's healthy for people to leave and create great entry points for newbies...personally as well documented I've bought at 13p and as high as 84p and as recently as yesterday.. this stock IMO will be many many multiples of today's share price and FWIW I would suggest that we are now on the countdown to the sale of the company which IMO will now happen in less than 10 months ! (I'm holding and topping up all the way.. these stocks don't come along that often and having been around PANR for over 11 years now this is the story is the best it's ever been)

AIMO

[michaelsadvfn] 20/10/2021 12:21

ngms,

ngms27 20 Oct '21 - 10:35 - 18242 of 18251 0 1 0

dhb368, I have zero idea what water disposal regulations are in Alaska, but it's going to impact any development.

I didn’t type that, you did.

[ngms27] 20/10/2021 12:15

You can do this via:

[todaywelive] 20/10/2021 11:48

As a long term PANR enthusiast I am simply waiting for funding, winter and the most important of all, confirmation of flow.

A question, can anyone tell me of a free platform that has the facility to send user set price alerts by text? This would look something like "send alert when bid/mid/offer price is above/below XXp". iii used to have such a feature before they rewrote their website a few years ago.

Thank you to all industry expert posters.

Today.

[ngms27] 20/10/2021 11:47

michaelsadvfn, read my posts as I never said it would impact that was another poster....

[michaelsadvfn] 20/10/2021 11:33

Forwood,
The answer to your second question is yes.

When Pantheon announced the placing last November they stated, ‘Certain investors will also be subscribing for new Ordinary Shares (the "Subscription Shares") at the Issue Price directly with the Company (the "Subscription"). The Company has received commitments for the Subscription totalling approximately $15 million. The Subscription is conditional on completion of the Placing.’

They were looking for $18.1m and had commitments of $15m.

[dhb368] 20/10/2021 11:11

forwood, potential farminees will be in the data room.
I am sure the NDA will exclude the possibility of them trading stock, regardless of the fact that they will be 'insiders' and unable to trade the stock anyway.

[spangle93] 20/10/2021 11:09

ngms/unlikely2 -
Water production will happen from day 1 in an oil wet reservoir. However, because of their characteristics, waterflooding doesn't bring the same benefits to these reservoirs as to water-wet ones. So while re-injection is the only realistic disposal means, it may be more beneficial / less problematic into a different reservoir. This would need formation chemistry tests to avoid scaling, but I don't want to get into rabito country.

[forwood] 20/10/2021 10:56

I think unlikely2's comments hit the mark. The board has said that farm in talks are well progressed and no doubt there's more than one party. There are numerous practical advantages of a farm in partner - additional expertise, separation of the strategic from the operational being the main ones, as these are likely to minimise error.

The key issue is the nature of the deal and I don't suppose our board is going to give anything away that isn't clearly to shareholders' advantage. If striking the deal was an 'easy agreement', we'd possibly have heard about it by now. Both sides will be seeking maximum advantage and the threat from our side to potential farminees is that we say: thanks but no thanks and go with the fundraise. So, I'm thinking the point of maximum pressure is about 2 to 3 weeks away. If the board is confident it can secure the right operational team for the work programme (and who wouldn't want to be associated with one the largest potential finds next year?), then I suspect the decision on farm in v fund raise is marginal.

Some other thoughts - and this directed to those with experience of such deals.
1. Would potential farminees be likely to take stakes in PANR ahead of the deal?
2. If a fund raise is likely, would large shareholders be approached to assess willingness?

[michaelsadvfn] 20/10/2021 10:54

Revisit Jay’s comments in the last webinar...

‘We will burn the gas to produce electricity & reinject the CO2 and the water.’

So, ngms, it will NOT impact any development!

Why do i always get the impression you can never see any positives but love to scaremonger?

[unlikely2] 20/10/2021 10:43

Most produced water is re-injected. Cannot see that as a major problem. And as the quote from Muggeridge et al states, overall recovery is increased. Not so immediately relevant as it is now clear that the Kuparuk has been placed on the back burner, with no action planned during this season.

[ngms27] 20/10/2021 10:35

dhb368, I have zero idea what water disposal regulations are in Alaska, but it's going to impact any development. Here's an article on Prudhoe Bay:

Perhaps reinjection is the answer?

[dhb368] 20/10/2021 10:25

It seems very likely to me that water disposal is more of an issue in Alaska than it is in other jurisdictions?

In that case, do you think that might impact overall recovery?