Pantheon Resources Share Discussion Threads

[johnswan193] 23/12/2021 17:50

Scot, I never said it was. I just said we simply don’t know how they may behave when the share price is above that level. It’s all short term anyway, if the assets prove to be as good as hoped then none of it matters, and we don’t have long to wait.

[astralvision] 23/12/2021 17:08

I've now been told how to join the guild, so thanks.

[astralvision] 23/12/2021 16:55

scotRe your psDon't know if you saw my post from a few days ago, but how does one join the guild?TIA

[scot126] 23/12/2021 16:39

Fair question, Winner66. You should see how wonderfully polite and courteous I am when brain dead cretins like you don't urge, on a public forum ffs, all their fellow shareholders to phone their brokers asking about an equity fundraise which hadn't even been announced by that date.

Just popping on to this thread to make sure the reign of misinformation doesn't become the accepted orthodoxy.

Insert random "hahahahaha"

PS Hey Winner66 - did you know about "hedging the delta of a CB" prior to my post? Something tells me you didn't. You were being fed inexperienced supposition and commentary by other posters. You're welcome.

[winner66] 23/12/2021 15:55

Scot if the guild is polite what on earth are you doing there hahahaha

[scot126] 23/12/2021 15:07

Dear All - I see john "The Pinnacle" swan193 is out of his comfort zone again. 78p is not some magical ceiling (or floor for that matter) around which the share price simply *MUST* trade until x, y, z events happen or don't happen.

Google "hedging the delta on a convertible bond". I 100% promise you'll learn more from one Google search than you will from Pinnacle Boy. He's out of his depth again, you see.

If you think the equity is cheap at 80p, you buy it. If you think it's expensive, you sell it. The first amortization payment isn't payable for 3 or 6 months, I can't remember exactly when? For all we know Heights Capital could already have hedged some/all of that first quarter payment using the shares they subscribed for in the equity component of the fundraise...$3m worth if memory serves?

The main thing is the company is fully funded and has, quite remarkably IMO, retained 100% of the asset. If the winter operations are a success, it is the equity investment case which will drive the share price Farallon and the CB will be trifling matters.

If the winter season is a comprehensive failure, the equity value will react with or without the CB attached to the capital structure.

Listen to Pinnacle Boy if you wish, but I strongly caution against it.

PS The water is nice'n'warm in the Guild. Exceptionally polite and all parties appear interested only in the *facts* of the investment case. If that sounds like your type of forum, head on over.

[homarus] 23/12/2021 12:48

Is there no secondary market in the convertibles then ?

[dan de lion] 23/12/2021 12:05

yes, lending $55 million to PANR really shows fantastic faith in the story, if it goes wrong there is very little hope of them getting it back.

IMHO

[hiddendepths] 23/12/2021 11:42

Many bond holders do not want ANY equity exposure. So they keep the bonds and use various derivatives and financial instruments to lay off any potential equity liability.

In some cases that means, in effect, equity selling which can depress the share price for many months. I've got no reason to suppose there are any such moves here. It would be interesting to know. But I suspect that it really makes little difference as any such effects will be completely drowned out by volumes flowing from what happens with the drilling program this winter.

[dhb368] 23/12/2021 10:12

The HUR share price was suppressed, but HUR were in obvious difficulty, had no way of repaying their debt and if I recall the share price was still above the conversion price wasn't it or have I got that wrong? I do try and forget HUR.

[ngms27] 23/12/2021 09:17

Well if you look at HUR when they issued a CB it depressed to share price for at least 6 months. However they didn't have the imminent work program.

[phsarkandalpp] 23/12/2021 09:14

InToTheWild ... "Bond at 78p. Getting over and sustaining over that price is going to be a challenge." What, for ever and ever, ITTW?

[bit coin] 23/12/2021 09:08

LSE webpage says 12.30 Christmas Eve and same on New Year’s Eve
GLA

[youngbaz] 23/12/2021 08:38

Well I just bought some more on a T2 and the contract note showed settlement as 29 December - so the market itself obviously thinks it's open tomorrow at some point!

[winner66] 23/12/2021 08:30

Ah I googled it and some say closed some days half day.

[trigger blade] 23/12/2021 08:19

London is open tomorrow, half day until 1230