Pantheon Resources Share Discussion Threads

[ngms27] 06/12/2021 10:41

Agreed I also noticed the Michael Spencer bit. He did originally sell down then bought more. Nevertheless it does raise some interesting points.

[officerdigby] 06/12/2021 10:39

Ok even I am having to top up now !Chart looks terrible etc etc .

[chris0805] 06/12/2021 10:37

Sure that will get dissected johnswan193, A quick glance over it reveals multiple errors, that you would be aware of already I would suspect? Perhaps you can highlight them all? I have not got research notes readily accessible currently to list them all, but for starters the report you post suggests Michael Spencer reduced his holding in August when in face it increased by circa 3.2m shares... Doesn't put much credibility in the report dies it?

[johnswan193] 06/12/2021 10:33

I noticed "sited" instead of "cited". I'll leave the rest to you, I have a job to perform.

[scot126] 06/12/2021 10:30

Already have. It's littered with errors. I'll let you have first shot at highlighting the factual errors, John "The Pinnacle" swan193. Looking forward to reading your next post.

[ngms27] 06/12/2021 10:21

johnswan193, may the force be with you. You might need it to repel off the swathe of ensuing attacks from the scot drones.

[johnswan193] 06/12/2021 10:14

Scot, something for you to fact check this AM:

[bigdazzlerreturns2] 06/12/2021 09:31

Lol POS i get your point however I prefer my way on the PAnr board.

[scot126] 06/12/2021 09:29

QED.
"As for your zero sum game shows your lack of understanding, I actually think it’s worse than that."

Hey bigdazzlerreturns2 - start with "The Wealth of Nations" by Adam Smith and once you're finished reading that, let me know and we'll see if your infantile "casino" understanding of equity markets is still in place.

Ah, ngms27, your game is that of the classic carnival huckster: "Heads I win, tails you lose."

[ngms27] 06/12/2021 09:21

biggdazzlerreturns2, in scot126's case Solitaires the only game in Town.

[probabilityofsuccess] 06/12/2021 09:08

Bigdazzlerreturns - there is a good point in there somewhere, slightly lost in your tone, but the alternative way of articulating what you said in a positive manner is that as part of a ‘balanced̵7; portfolio, it absolutely makes sense to hold PANR as one of the best risk reward opportunities out there in the O&G sector. If you don’t hold PANR, and are so risk averse that your portfolio is imbalanced (for your personal circumstances), you risk losing out on this opportunity - so not holding could be as risky as holding. No advice intended, just offering a ‘balanced̵7; perspective.

[scot126] 06/12/2021 09:05

"....could lose all of your investment"

Ok, bigdazzlerreturns2, please post your model of Alkaid and its 76.5mmbo IER supported contingent resource. What about the IER supported work on the SMD? How's your model looking for that horizon. They'd both have to have zero NPVs in your model for your quoted sentence to hold any intellectual weight, wouldn't they? Go on then, post your models.

bigdazzlerreturns2 - here are a few facts for you.

1) You are an economic theory ignoramus. You believe the equity market is a zero sum game and use casino type allusions to support your childlike theory. You have no concept of capitalism and wealth creation. In short, you are a gambler and a moron.

2) You never, repeat never, add any value to this thread. You do, however, have a quite mystifying and bizarre obsession with the weighting of PANR within an individual's portfolio. You are a quite extraordinarily low quality poster on this thread.

I can only hope you were embarrassed when I pointed out to the thread a few weeks ago just how infantile is your understanding of equity markets. And yet you resurface again.

Challenge for you, bigdazzlerreturns2? Next time you think about posting here, try actually writing about PANR and its investment case.

[scot126] 06/12/2021 08:05

Hi Marktitan - the tax credits will revert to the GB founders'n'funders grouping.

The remaining CHONS holding is, IMO, majority owned by Farallon but a minority holding will revert back to the GB shareholder group. Of the 103m shares held by CHONS, I do not know the breakdown between Farallon and the GB grouping.

As for Farallon's intentions with their remaining "equity shares", who knows? That's their call. Just like you and I, they own the shares and they're entitled to do with them whatever they wish.

If you believe, as I do, the Farallon selling (as low as 29p remember!) has suppressed the share price despite the extraordinary data from Talitha #A then it's been a tremendous opportunity for PANR investors in 2021.

Remember my oft-repeated comparison of Farallon and Wittgenstein's lion? "If a lion could speak we could not understand it." We *must* surely just accept Farallon has a completely different investment profile than we do. And no wonder, the original investment was in quasi sovereign-backed corporate debt by a credit fund. Why wouldn't it be different from our investment profile as AIM E&P investors?!

One thing I am 100% certain about. If just one of the 8-11 anticipated flow tests expected to occur at Theta West and Talitha in the next 4 months is successful, Farallon will be bid for *ALL* of their stock the very next day. GLA

[marktitan] 06/12/2021 07:49

Scott126 given your encyclopedia like understanding of panr history and the Farallon/GBP deal , whats your estimation of how many more shares Farallon might sell. Netting off the option arrangements?
Moreover surely Farallon panr share sales will have covered the debt outstanding by some margin now? Perhaps you could also give your opinion of where the tax credits relating to this debt now reside? With Farrallon or GBP shareholders or BOA? . Thanks

[michaelsadvfn] 06/12/2021 07:32

So whose opinion to go with, JC who stated 90% of $3.10 on a successful winter programme, or ngms, with zero industry experience, with $1/bbl in the ground?

Follow the knowledge.

[scot126] 06/12/2021 07:24

Many congratulations on your first post on ADVFN, scott7pan. Unfortunately it appears to have been written in the ancient language of Gibberish. Farallon's history with Great Bear has been litigated here for years. We all accept the fact Farallon bought Great Bear's debt from BoAML, the SoA defaulted on the exploration tax credits scheme, Farallon kept GB going, merger with PANR in January '19, debt for equity swap, GB founders'n'funders couldn't repay Farallon in cash for historic debt so Farallon sells shares after the lock in period ends at the beginning of 2021.

There is no conspiracy. There's no Bilderberg style cabal of crazed capitalists trying to leg over the common man. A credit fund bought debt from a bank, the security didn't work out because a US State govt defaulted on its commitment, the credit fund keeps company going long enough to construct a possible exit strategy, debt for equity swap, disciplined sell down of equity with selling occurring as low as 29p.

Please do try harder next time, scott7pan, if indeed there is to be a next time.

[ngms27] 06/12/2021 07:20

$8 to $10 in the ground is fantasy island. The $2.8 is what a purchaser paid. Success at Talitha won't put the Sp on a $2.8 per barrel in the ground price. Half of that would be good.

Personally $1 per barrel works for me.

[bit coin] 06/12/2021 07:11

88e cracking on, will they start to drill before us in 22 ?

[scott7pan] 06/12/2021 05:07

The motivation of why Farallon (aka. the investment manager of CHONS and the concert GBPO) has been consistently selling seems to be a continuous puzzle. Looks to me all the info we have about "Farallon's debt fund not allowed to hold equity so they are selling for non-fundamental reasons" has been guesswork, which has been proved wrong several times (about why Farallon "stopped" selling. The latest TR-1 disclosure looks like Farallon's selling is "unstoppable".Curious if anyone has any smoking guns in that regard.Thanks.

[adxwasere] 06/12/2021 03:21

Current price surely has to be irreverent? if its a 10 year project oil price now would have nothing to do with it? They would just have to look at a forecast?