Pantheon Resources Share Discussion Threads

[johnswan193] 24/11/2021 11:47

I don't see why the short term loan gives any indication as to whether its a placing or farm out. A farm out agreement with an industry partner could settle the loan just as easily as a placing might.

Although I always expected a placing was most likely, I did expect it would be done by now, and the fact that is hasn't has me thinking a farm out is a higher probability than I thought. But of course they may well be a finance partner rather than industry.

Regardless and given the amounts required, I would like them to raise funds for as much work as possible and for that to be done as soon as possible. I think everybody expects Talitha and TW are the minimum for this season, and maybe they prefer to flow test the SMD at Talitha before deciding how to proceed with Alkaid.

[oilforex] 24/11/2021 11:28

Not sure where all these double digit trades come from.

[pro_s2009] 24/11/2021 11:14

johnswan, I saw the recent "short term loan" as simply a precursor to the placing. Very easy to repay the loan with new placing stock "when" the placing occurs.

As I said the only "farm out" I see as possible is one with a group of finance people ala 88E, who pulled off the same trick.

The company are doing everything within the rules and laws........so there is nothing illegal going on thats for sure. But as you know, the rules and regulations of the City of London are.....well........they are what they are.......... 😅

For sure a placing would put a bottom on the SP, how much it "could" rise into Talitha results will be weighted down by all those selling who dont want to be holding for Talitha results in case all the zones fail to flow well.

[johnswan193] 24/11/2021 11:05

Good to see you back on here Pro. I have no problem reading an objective, or even negatively biased opinion.

Whether a farm out can be achieved or not is one thing, but if we were never at the point where farm out talks were advanced and promising enough to make it the most likely outcome - particularly this late in the quarter - then that would suggest not just dishonourable but potentially illegal behaviour by our management. I for one do not think that has been the case, even though I have ongoing niggling concerns of my own over management integrity in the past.

I suspect an eventual placing in the range of 60-70p would be very poorly received on here (apart from the cheerleaders who would be high fiving each other and shouting "oh yes, we have managed to remain independent as hoped!"), but I also think that would put a bottom on the SP, which would eventually recover as speculation builds towards results.

I would just like to see it all come to a conclusion asap.

[dv01] 24/11/2021 10:58

The volume is light again. Could still be Farallon selling gently. I am sure they will have been active since their last RNS.

[michaelsadvfn] 24/11/2021 10:19

If there was absolutely zero chance of any farmout why didn’t they get a placing away instead of a short term loan facility?

They are still in discussions so clearly there is every chance of a farmout, non?

[forwood] 24/11/2021 10:19

Pro - That suggests a lack of integrity by the board, which I do not want to believe, though they will obliviously benefit from a higher share price when it comes to pricing a fund raise. However, there's no reason to trust other players in the game and cash rules! Also, I'd be very surprised if a fund raise was priced so low, especially after we've seen the share price in the 90s. My expectation would be in the range 70 - 75, depending where the share price is just before.

[dhb368] 24/11/2021 10:12

'pump and dump' - Perhaps you should look up what that term actually means PRO, because your understanding of it is pretty embarrassing for someone that calls themselves 'pro'

It is understandable that you are still sore about selling PANR sub 40p and buying TXP in the 160s, but pretty childish to pretend that your strategy has actually been successful though. All IMO of course.

[pro_s2009] 24/11/2021 10:03

HD, the chart shows a classic pump and dump imo.

Pump from 60p.......sell as much as you can above 60p.......then placing at 60p where those who sold above 60p can then buy all their stock back.

There is absolutely zero chance imo of any farm out......the only slight possibility was a "not so real farm out" like happened with 88E where a group of finance people "farm in" and then later "sell it back"..........

However you cannot do a pump and dump ahead of a placing unless you let the mugs believe a farm out is "just about to happen" and so keep them buying all the selling.

Placing around 60p levels is my guess of what will happen ahead. If a placing is about to happen you will know when the price collapses as some of those "insiders" tell their mates who then sell as quick as possible. Same as what happened last time.

Its been a great opportunity to make some money, but I am now completely out of PANR again.

[ngms27] 24/11/2021 09:55

HD, agreed, I'll not discuss the guild anymore.

[hiddendepths] 24/11/2021 09:52

In recent days PANR has opened pretty strong but as the morning wears on, the strength is being sold into each time. What I'm wondering is who is selling and why. I have no idea but my suspicious mind makes me wonder if an institution is sneakily reducing their position as they expect to replace that stock at a lower price soon. They're not meant to do that, of course, as they are technically made insiders, but it happens - a lot! Another possibility is that the price is being managed for some reason connected with a raise - for instance if it looks like 70p is the best price the advisors believe they can achieve they don't want to be accused of too much of a giveaway, which would happen if the share price was 85p say.

Just idle speculation!

[hiddendepths] 24/11/2021 09:40

Agreed, Pos, let's simply ignore them! Jonny - no need to keep harping on about it! This is an opportunity to reinvent this thread as a beacon of objective assessment. We need to add value and engage in constructive debate. There are several high quality posters who simply went away because of the tyranny. It would be great if they came back. The likes of spangle would add enormous value, for instance, because his often rather cynical assessments are based on deep industry knowledge and a realistic valuation approach. And the likes of DavidBlack, with his rather wacky approach, offering a few nuggets of value you don't get from elsewhere. There are many more....

[probabilityofsuccess] 24/11/2021 09:12

All, if there is value-add content on this board, people will read it. Quality will out.

Unfortunately there just seems to be envy/resentment in multiple references to the guild.

Wake up, stop watching others and focus on what you want to focus on.

[ngms27] 24/11/2021 08:59

Unless you've sworn an oath of allegiance never to question anything and to nod like a donkey at everything the BoD says you will be rejected.

Independent thought will not be tolerated on the Guild.

[trigger blade] 24/11/2021 08:57

“I wouldn’t join any club that would have me as a member” - Groucho Marx

[michaelmcandrew] 24/11/2021 08:51

Applied to join the Guild board - rejected as member, no reason given.

[hiddendepths] 24/11/2021 08:35

What do you mean holism?

[holism] 24/11/2021 08:08

more short term uncertainty