Pantheon Resources Share Discussion Threads

[hiddendepths] 17/11/2021 16:56

I imagine that those who are most angry and intolerant about contrary views will be quite happy to stick to this board. Well, OK, that might be wishful thinking! But isn't it worth a try?

[ngms27] 17/11/2021 16:47

scot126, you're the main antagonist on this board, not me.

Have you looked in the mirror as you are the one that gets apple pasty to people. Even asking for 'yes' or 'no' answers is aggressive.

[probabilityofsuccess] 17/11/2021 16:29

Bit of perspective - the price is the same as it was 2 days ago, and we are now more informed than we were 2 days ago with less uncertainty.

[scot126] 17/11/2021 16:29

hiddendepths - do you accept that it was the conduct of ngms27 which caused Telemachus and Daron to depart this forum? A simple 'yes' or 'no' answer is all I ask and all that's required to provide proof of your supposed "balance". I'll wait.

[chessman2] 17/11/2021 16:24

Why have the posts from John Swan and hd received more thumbs up than scot126?

Very strange, I wonder why?

Winner66, I wish you well in your decision. I'm heavier into TXP than PANR and am waiting patiently every day for more info on both holdings. We are in interesting, or is it nail-biting, times.

[sirmark] 17/11/2021 15:59

90p close imo strength to the close

[johnswan193] 17/11/2021 15:56

Given the circumstances I'm not disputing whether a short term facility is the right thing to do - it obviously is.

If the facility being with a shareholder is what required the disclosure, could they have just kept their mouths shut (until at least after funding is resolved), arranged the short term facility at arms length and behind closed doors and not alluded to supply chain issues (assuming the only issue is having to order earlier, rather than a potentially much bigger issue that may have future implications). That could have resulted in a situation where the strength of the share price is not put to test - and especially if in the near future we may need to come back and make a placing against that price.

Perhaps others can comment on whether an arms length facility would have required same disclosure, but for me although the facility announcement is unhelpful (particularly to those less familiar) it is the supply chain uncertainty coupled with the "no guarantees" statements that have been the main factors resulting in the weakness today. I recognise they have to disclaim forward looking statements, but imo better not to make them at all at a time when the market is fully expecting an imminent funding announcement.

[nigoil] 17/11/2021 15:47

Just checked the tea leaves and they tell US that the share price is on the way back into the 90's!.........;-) GLA

[scot126] 17/11/2021 15:39

Spot on, Bought In.

[bought in] 17/11/2021 15:23

Surely todays announcement serves a couple of purposes. First, it is simple good governance at an operational project management level, but at another level it adds to the jeopardy for the potential farm-in partners keeping the liquidity raise very much in play. It is the latter that saw the pullback. Many of us are more than happy with that outcome

[scot126] 17/11/2021 14:42

I take your point, dan de lion. Yet another example of PANR 2.0's ultra-conservative approach, I suspect.

Speaking of which, and having observed the conservative approach of both the NOMAD and the post-merger management team, I am as certain as I possibly can be that if the farm out negotiations *weren't* ongoing we would have read about it this morning. Good stuff.

PS I see john "The Pinnacle" swan193 has just described the short term facility as looking "simply pathetic".

Readers with a good memory will recall this same opinionated, over-confident, deluded, grandiose know-nothing was equally determined to pass on his considered, nay, expert view about what management should have done when testing the Talitha #A well.......all whilst failing to understand or accept the most fundamental laws of physics!

Yes, that was truly an extraordinary day. The day when Pinnacle Boy second guessed a management team with well over a century of sector experience. And, lest we forget, it took a *whole day* and multiple posts by multiple posters before Pinnacle Boy finally admitted he hadn't understood a portion of the April webinar. Huh....what do we all reckon are the odds that he's just made the *exact same error* once again? Personally, I'd say it was a slamdunk.

[johnswan193] 17/11/2021 14:40

Whatever way you look at it, a company with a near $1bn market cap borrowing $1.5m on a short term basis from an investor looks quite simply pathetic. Basically a pay day loan. Maybe they should have gone to Amigo Loans to avoid having to disclose it?

Additionally, there is now a question of whether these supply chain issues could potentially result in an inability to fully complete this years intended operations, irrespective of whether funding is in place or not.

Note they have not said the borrowing ensures no disruption/delay, they've only said this action is intended to minimise its potential impact.

As has been flagged on this BB previously, the longer we leave it without getting funding in place, the higher the risk of other unexpected issues and undesired impacts. The fact we are having to borrow in this way just shows how late we are to get funding sorted. They really need to get this over the line ASAP.

[dan de lion] 17/11/2021 14:07

Did they even have to tell us?

[tlt123] 17/11/2021 14:03

Doesn't the market want a definitive raise? 1.5M USD raise for a 600M cap company shouldn't even make news.

[scot126] 17/11/2021 14:00

Exactly what I was thinking, michaelsadvfn. Yep, a £50m reduction in mkt cap after entering into a £1.1m short term facility, lol. How did you put it, "somewhat excessive"!

Sportsman's bet? The facility will be repaid in full within a month from today's date.

[winner66] 17/11/2021 13:57

It is excessive. I’ve sold my TXP and with that bought a further 3 times here. I’m very relaxed about that decision.

[michaelsadvfn] 17/11/2021 13:26

£50m wiped off the market cap seems somewhat excessive to me considering the drawdown facility solves any supply chain problems that may arise.
Given the short term nature of the facility the interest payments would be under $40k over a 3 month period.
As for the market not liking delays or uncertainty i don’t see any of that here, on the contrary a short term problem has been solved.

[sirmark] 17/11/2021 13:19

I know a certain Billionaire investor who already has a large stake, who could very easily afford to send a quick transfer over and would probably have direct contact with the board.

IMO - I don't know of any other by name but sure there's plenty with deep enough pockets to gain a 10% return for which could be as little as a month !

RNS confirming farm-out or funding I suspect the repayment would be made so another RNS and a new piece of news for every 3 or 4 weeks until March/April 2022 imo and if you can't wait 5 months for what could be on of the largest oil fields in the US with oil at $85 then .... well each to their own lol I'M IN !

[ngms27] 17/11/2021 13:15

Winner66, fools are soon parted with their money. I'd be more inclined to sell PANR and go all in with TXP as far less downside potential.

However I'm taking a balanced view and hold both until the next substantial news at least.

[winner66] 17/11/2021 13:10

Overreactions are part of the market conditions. Watched very closely today on level 2 . Over the last hour the sells are very small sums , yet the market marks down fairly dramatically. For me in simple terms the gap between circa 86p and circa 94p will be filled this week easily.

[fordtin] 17/11/2021 13:04

Any shareholder with enough spare cash to be able to make an unsecured loan of $1,500,000 probably has quite a sizeable shareholding in Pantheon. The price swing today may well have changed the value of their holding by more than the loan amount.

For example, if the lender happened to be the holder of 16,100,000 shares in the company, their share value would have fluctuated by about $1,700,000 today!

edit; latest share price drop = $2,000,000!