Pantheon Resources Share Discussion Threads

[grumr2013] 18/11/2021 11:10

Not to worry HD, the way it's going you may get a few more below 84 !

Re potential Equity Raise, in Nov 2020 it was around 13% discount to the previous days closing price I think.

Going it alone with 100% still sounds good.

[dan de lion] 18/11/2021 11:10

Surely couldn`t be any worse if PANR had gone straight for a full cash raise and told the other party to come back next year?

[probabilityofsuccess] 18/11/2021 11:06

Try again hiddendepths!

[hiddendepths] 18/11/2021 09:56

What interesting trading at present!

Tried to buy a few at 84 but was too slow!

[probabilityofsuccess] 18/11/2021 09:42

Sandcrab, for balance - going stratospheric again (well, in the last 10 minutes)

[banksy] 18/11/2021 09:29

Has the bias shifted towards an equity raise and if so at what price will be the big question? Maybe the cause of the sell off, btwtfdik, as I thought yesterday's news was mildly positive implying a FO was still on course!

[sandcrab2] 18/11/2021 09:21

Plunge continues

[winner66] 18/11/2021 08:04

Just had a catch up on the posts . My goodness it’s a strange attitude some people have. Why not just trust the process that’s well underway.

[sirmark] 18/11/2021 08:02

Also for the record I see that we have at least a week or even two. We done the deal on the 17th last time and we needed uo beeing a week or two ahead of schedule iirc

[sirmark] 18/11/2021 07:59

Mate stop trying been here too long :)Either is good news there's real plus's with both and BOTH will be good news.I think we'll self fund with a very small dilution which will be recovered in a few sessions on the bases the uncertainty has gone. Now farm-out with ConocoPhillips (my preferred news) even a deal on not the best terms Will imo be huge as IMO were in bed with the new owners(in time)Anyway good luck with whatever your trying but your nowhere near as good and will need to sharpen your words and have more depth if you want to influence me or many others on this BB

[bad gateway] 18/11/2021 07:58

They haven't actually drawn down on the loan anyway have they? Its just a standby measure should they get a farm in partner sorted the next few days/weeks as ordering longlead items is getting tight.
Sounds like if they get the partner they'll pick up the phone and get them items ordered tout suite and if not then place or delay til next season so guess place would be preferable there.

[johnswan193] 18/11/2021 07:53

Yoghurt73, I’m sorry, but is there supposed to be a question in there somewhere or are you just giving your opinion on what you think I would have done if there was no RNS yesterday? I already stated a week or so ago that the longer we leave it without finalising a deal the more we leave ourselves exposed to other risk factors. Supply chain issues were not flagged specifically but macro factors were.

[waterpolo] 18/11/2021 07:29

Sirmark Say they get no partner and do equity only for capital as they have said could happen! You think the many ppl who have expected a farm in partner will be happy as?? I dont know, could be up on rumor as what's going on now with the move from 60 to 90p, but go down on the news! If it pans out that way

[yoghurt73] 18/11/2021 07:27

Question for JohnSwan.
Let us imagine in the parallel universe PANR didn't RNS this weeks 1.5M loan facility and notify us all that they were securing items on the supply chain for the upcoming seasons drill/test.

I'd give it till exactly tomorrow before you posted on this very BB (in the parallel uni) that the timing is getting a bit late for no news, why hasn't the deal been done, are we going to be active this season and so many other casual but open worst case scenarios hinted at.

[phsarkandalpp] 18/11/2021 07:23

quazie12: I suggest you check a dictionary. I can see nothing whatsoever in any of Scot126's posts that could be described as "hypocritical", "nasty", "vindictive" or "controlling" (even somewhat).

[chessman2] 18/11/2021 00:10

scot126, Thanks for mentioning me in one of your posts.

All I can say is that recently the posters for whom you seem to have a disliking receive more thumbs up than your posts.

I wonder why?

[sirmark] 17/11/2021 23:53

Delayed sell from the morning imo which with the other didn't exactly help. Tomorrow should see a decent bounce as the season gets ready to get underway and whilst temperatures are heating on the bb tonight they are dropping this week at Deadhorse to minus 25 ! Whilst today was a big financial drop all part of the upward trajectory, as we all no nothing moves in straight lines. I'm two weeks well know that's pretty much a fact now so if you believe they'll get it over the line and with a great partner on good terms. We'll soon see :)

[quazie12] 17/11/2021 23:40

Swendab, I agree that he has posted quality research and his robust and excellent rebuttal of a number of highly dubious and deliberately inaccurate posts is undeniable. However its the hypocritical nasty vindictive and somewhat controlling manner that puts people off. I don't need to get over it just filter it.

[johnswan193] 17/11/2021 23:31

I have no issue with the rate Forwood - it’s not material. Even for a year it’s $150k, we’re probably talking about a month or less and even if fully drawn that’s around $10k-ish assuming no minimums or arrangement fees.

[forwood] 17/11/2021 23:23

Thought I saw a 500k buy after hours at 89.76. There were others too but they've disappeared now.

John Swan - take your points about the $1.5m. I thought it was actually a dreadful interest rate, then realised it'll probably be settled very quickly.

I think it was a reasonable thing to do and reassures us that the drill programme is in the bag. Odd though, as I presumed a farminee would bring their own team. And perhaps they will - two teams allows work in parallel, which was always how I thought it would proceed.

[johnswan193] 17/11/2021 23:14

Shockingly poor response by your standards Scot. I expected better from you and the response is so easy and obvious that I doubt it is even of interest to many on here as it just re-clarifies what I’ve already said.

1 - I never said a facility was unnecessary. I said the exact opposite and there was no going back on was stated previously. The question was whether they had to enter into the sort of facility that required immediate disclosure, on the assumption that it is this being done with a shareholder that required the disclosure, rather than the materiality of it. Like I said, an unsecured $1.5m short term facility is nothing to a near $1bn market cap firm with no other debt, so does this really require an immediate regulatory disclosure if done with a non-related party? It’s not about sitting on factual information, it’s about sitting on material factual information. If yes, then that answers the question, if no, then perhaps they should have considered an alternative approach rather than one that wiped (for today at least) an amount off our market cap that is not dissimilar to the amount they are trying to raise.

2 - I did not need to be corrected about forward looking statement disclaimers. The “no guarantees” is necessary, I’d simply rather they did not have to make a forward looking statement at this time. Such wording in bodies of text rather than footers will always draw attention and scrutiny, rightly or wrongly, and especially given the timing when funding is expected to be announced imminently.

3 - Given the supply issues are, in their words, a “well-documented phenomenon”, aren’t they leaving it very late in the day to get the funding delivered? How will this look later if it turns out that the time spent fine tuning terms ultimately results in a failure to secure equipment/supplies to complete operations before the end of the season? I’m not suggesting this is a likely outcome (and I do not know whether equipment/supplies could have been secured earlier than now), but it seems to be a risk that contributed towards a discounting of the share price today.

As an investor I will always look very closely at management actions and want to discuss on these BBs and ask questions. This is one of the very purposes of these boards and should absolutely not be discouraged.

Hopefully share price recovers, no supply issues and the best funding option gets done. Let’s leave it there for the sake of others on this BB.

[probabilityofsuccess] 17/11/2021 22:16

Some more 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.