Pantheon Resources Share Discussion Threads

[scot126] 04/11/2021 14:27

.....is to work out what 'C' stands for? I've got a pretty good suggestion in mind.

[johnswan193] 04/11/2021 14:26

“It is clear to me that they could have sold fewer shares at a later date into the inevitable pre TD rally. They didn't. Why? Possibly because they were not selling their own shares and were just interested in the $ recovered”.

LOL. Come back and let’s re-engage once the stupid pills have worn off. Actually, don’t.

[rabito79] 04/11/2021 14:17

First rule of C suite..

[dhb368] 04/11/2021 13:42

C-suite John, "So tell us big mouth" -- I am assuming from the way you communicate that the C stands for CARE and not CHIEF. Your post #18030 is a classic and confirms your need for support.

Have I touched a nerve? How embarrassing it must be for you to have been called out on an BB for your factually incorrect statements.

Just to clarify, I didn't say that they sold in a disorderly fashion, but it is clear to me that they could have sold fewer shares at a later date into the inevitable pre TD rally. They didn't. Why? Possibly because they were not selling their own shares and were just interested in the $ recovered.

You talk to me about naivety?
You have no idea who I am. Why? Because I do not need to feel important on an anonymous BB. Perhaps the CARE SUITE staff can help you understand why you do.

I wont keep you from your afternoon nap, and be careful of the soup, its hot.

[cezuan] 04/11/2021 12:55

@johnswan193 is it you, Farallon?
;)

[johnswan193] 04/11/2021 12:41

Re 18746

"They effectively kept a lid on the share price and seemingly didn't care that much about maximising the sales price".

Have a think about that comment. Farallon sold as you say, from low 30s to low 40s pre-result. They didn't dump everything, they sold in an extremely orderly fashion. By doing this they managed to maximise the sale price that could be achieved at the time, which is the exact opposite of what you have suggested.

We all know that the shares sold pre-result could also have been bought back much cheaper in the subsequent period. So tell us big mouth, why did it seem to you that they didn't care that much about maximising the sales price?

Because if they didn't sell in an orderly fashion they would have been taking on the risk of a negative result, and even if they managed the timing correctly (with no more info than any of us had), what do you think would have happened if they let the share price lift off and then try to dump millions of shares in a very short period of time pre-result? (Some on here may also recall the now infamous and comically opportunistic moment Farallon were approached by an unnamed, lets call it "crew", to sell a large number of shares immediately pre-result).

So having considered this, do you still hold the view that they seemingly didn't care that much about maximising the sales price? Or were you taking the view that caring about maximising the sales price would be to hold the shares throughout a high risk drill in the hope that the potential upside scenario pays off?

Whichever it is it says a lot about your naivety.

[sirmark] 04/11/2021 12:15

Cheers forwood

[forwood] 04/11/2021 11:56

sirmark - I tried IG recently. In many ways it's an attractive platform. You can place orders directly to buy or sell either side of the SETS book or place a market order with MMs. The major downside in my view, is the per trade order limit of £25000. This may work ok for CFDs but if you want to trade straight shares, eg PANR, that limit isn't helpful.

Say you bought 30k PANR at 83 (c the max one trade) and it goes up to 90 at which point you decide to sell. You'd then need 2 orders / trades. You can trade larger order sizes if you get permission but then you have to pay 0.05% of the consideration, and you lose the so called discounted £3 fees. Ordinarily to get the £3 trades, you have to dealt more than twice in the previous month. Otherwise its £8 a trade. So if you did decide to go with them, join toward the end of the month!

I recently started using a Fineco (Italian bank) a/c. There are no limits on trade sizes (though you will be warned if you are about to place v large orders). It's a standard £2.95 a trade. You can only place orders into the book, no MM trades. The interface isn't as attractive as IG but OK. For some strange reason they're not adding on the £1 PTM levy on trades over £10k. I've asked them why but no answer yet. The customer service is OK on phone calls (Italians, whose English is variable but mostly OK, - slow on emails. It is also a standard bank account and you can get a euro as well as a UK debit card.

Would be good to hear of any other good DMA a/cs

[dhb368] 04/11/2021 10:50

holism 'I cant remember what kept the price down I do remember I got it wrong though I was expecting a much higher price well before it happened'

The churn from the fundraise knocked the share price back to 30p and then Farallon started selling early 2021 from low 40s to low 30s, each time they paused selling the share price moved back up. They effectively kept a lid on the share price and seemingly didn't care that much about maximising the sales price.

Looking back, Farallon have done many holders (not GB holders) a great favour. I have acquired a lot more stock, at much lower prices, than would have been possible if the share price had been free to rise in early 2021.

2022 will be very different for Pantheon. Exciting times..

[wee jimmy] 04/11/2021 10:48

Swendab1: I'm short but long PANR.

[ngms27] 04/11/2021 10:44

Glad I'm 6ft 7in

[michaelsadvfn] 04/11/2021 10:27

Excuse me but.... GO HORSEY!!!

[michaelsadvfn] 04/11/2021 10:22

I think we all expected a higher price until it was known we had a persistent seller in Farallon who appear to have finished for now at least.

[dhb368] 04/11/2021 10:11

Sirmark, in my experience IG. £3 trades as well.

[sirmark] 04/11/2021 09:51

Can anyone advise on the best trading platform that lets you place your orders directly on the L2 order-book

[scot126] 04/11/2021 09:25

Hi holism - No and no, IMHO. Good stuff.

[michaelsadvfn] 04/11/2021 09:23

If nothing had changed i might have seen some logic in your post holism.

[holism] 04/11/2021 09:14

will the price action pattern between October last year and June this year be similar this year? If so have we already seen the high.

[bobbiedazzler] 03/11/2021 23:19

Unlikely - This appears to refer to official financing by governments or international institutions (eg World Bank) not commercial lending or investing, in which case it is pretty irrelevant for oil and gas.

[sirmark] 03/11/2021 21:21

Tough day for oil down a fair but we held on well, oil declined even further after our close and despite the optimism on the non funding oil projects agreement apparently due to be announced tomorrow let's see how we hold for me anything above 80 keeps me on track for my nineties targets :)I'm also off the feeling tomorrow 7:00 am maybe our confirmation !!!! If not we may pull back slightly but still on our up trend :)

[unlikely2] 03/11/2021 20:08

(CNN)At least 20 countries have agreed to end financing for fossil fuel projects abroad, a UK official told CNN, in a deal expected to be announced Thursday.
Another source close to the COP26 climate summit negotiations said that the US was party to the agreement. Officials at the US State Department did not immediately respond to CNN to confirm the country's involvement.
Several countries had already agreed to end international financing for coal, but this agreement would be the first of its kind to include oil and gas projects as well.



If that is the extent of the action on oil, it is probably good news for Pantheon. Money which had been heading abroad will need to find a home in the US.

[tizo100] 03/11/2021 19:59

Be up again tmozz after the feds decision tonight