Pantheon Resources Share Discussion Threads

[sirmark] 18/1/2022 17:11

As I thought the trade now on the OTC 5.34mln I thought it would be around that as stated this morning, so that takes it up-to 16mln so not sure what's going with them but that's the total so far !

[sirmark] 18/1/2022 16:55

88e up 7%

A few 1m trades plus these now showing up

16:49:37 69.633 500,000 348.17k O
16:49:31 69.928 1,744,195 1.2m O


16:35:03 69.50 1,312,635 912.28k UT
(auction was 500k + 627k and a few others)

Total today 18mln shares... a lot more than just the 2.5m conversions for directors.

[ngms27] 18/1/2022 16:45

The whole sector seems to have been affected today

[sirmark] 18/1/2022 16:43

Also with that increase look at what oil has done in the past 12 months and just goes to show you where we are and that we're pretty much flat A huge massive bounce coming.... Someone's equally been buy shot loads today

[ngms27] 18/1/2022 16:39

dan de lion, you might have meant that, but that wasn't what was inferred in my opinion.

[sirmark] 18/1/2022 16:35

some massive trades going into the auction

500,000
627,000

[holism] 18/1/2022 16:33

sandcrab I wouldn't have thought we have many risk averse investors here.

[dan de lion] 18/1/2022 16:31

NGMS, I was only indicating that by moving the rig on to Theta West it would mean the the well at Talitha was opened up successfully and the main rig is not needed there to sort out any problems that might have arisen whilst it was shut in.

[total return] 18/1/2022 16:14

dhb368 thank you for putting where the share price currently is in an appropriate context.

sandcrab2 if the world is ending economically why are benchmark oil prices climbing steadily and now at the highest since 2014? Why also is the oil sector viewed as one of the most bullish for 2022 (and after a storming 2021)? Also OPEC has just said that it expects global oil markets to remain well-supported in 2022 due to "robust demand".

(Edit: Have just spotted that Goldman Sachs have upgraded their Brent crude (spot) estimate for 2023 to $105 bbl.)

[dhb368] 18/1/2022 15:57

On the day of the Talitha A spud RNS we were 45.9p.

When you consider everything that PANR have achieved over the last 12 months

the acquisition of the remaining 10.8% WI in Talitha
the acquisition of the additional acreage covering Theta West (another 14 billion barrels OIP?)
the 3700ft of cuttings containing oil
the potential of the Kuparuk and other untested zones
the Baker Hughes AHS VAS report
Resource upgrades
Talitha was targeting 1 billion barrels, conservatively we are now targeting 2.2 billion barrels recoverable.
Capital raise of $96m, enough to fund up to 3 drills.
Oil price January 2021 $54, Today $87


And for all of that we have seen the share price appreciate by only 52%.
A 'special situation' indeed for those able to hold or add.

[sandcrab2] 18/1/2022 15:36

With the imminent collapse of China’s property developers, being China’s largest asset class, some are predicting a world wide depression

Could be adding to the de risking by the risk averse

Didn’t someone on this board state that their chart was signaling 60p as the bottom?

[cezuan] 18/1/2022 15:34

@Scot I am looking at the chart, because the generally accepted fundamentals do not explain why we have been selling down strongly. The investment case and the investors are quite intransparent, so I have no choice. I posted remarks on why things might be worse than assumed, because you and most here tend to "assume" the best out of several cases and I wanted some feedback on what else might be happening. If anything is misleading, it's the bullish focus on the PANR forums.

Your "today is special" was supposed to explain why today's drop is special. It is not. We have been selling strongly since November. My explanation - that some investors wanted out after the farmout failed, because it meant a delay of higher share price valuations to them - fits the timing on the chart quite well. Ofc it's a "hypothesis". That is what these forums are for.

Re-reading my posts btw I only see conditional statements. Since I think in conditionals, any deviation is accidental.

[gorgeousgeorge01] 18/1/2022 15:27

"Despite my conservative approach I couldn't resist."

I know. Gluttons for profit.

[johnswan193] 18/1/2022 15:22

Who'd have thought when the share price was >90p that an opportunity to top up sub-70p would exist at a point when:

- fully funded for operations across all of Talitha, TW & Alkaid
- everything on schedule
- Brent >$87
- dampened Covid fears
- initial results due within days

Despite my conservative approach I couldn't resist.

[sirmark] 18/1/2022 14:55

they are but as its an iceberg order there's only so much you can do is it will automatically come down to that price until its clear or the broker receives new instructions. I've done many in my time and when I've got close to clearing out I then command a bit more and increase the offer price.

[scot126] 18/1/2022 14:49

Hi cezuan,

1) rallied is spelt thus, not "rallyed".

2) rally is spelt thus, not "rallye".

3) I respect your keen eye for uncovering trading patterns and the energy expended doing so. Sadly I fear you are tilting at windmills. You will not be surprised to read you are not the only person to have undertaken such an exercise. Folk with styles as varied as sirmark and I have *attempted* to discern trading patterns over the last 12 months. There were even occasions when I was aware of certain brokers' activity in the stock (due to market contacts) and despite this it proved pretty much impossible to *accurately* trace Farallon's trades between the publication dates of their TR-1s.

4) I disagree entirely with your rejection of today's label of a "special situation sale". In fact I'll go further. Strategically there is sound evidence for the entire PANR investment case to be labelled a "special sit", especially since the lock-up period expired for Farallon/CHONS in mid-Jan '21.

5) I note your language in your recent posts is only occasionally couched using conditional verbs and phrases. Long term readers will recognise such content troubles me greatly. Too often, IMO, you use definitive language where *you could not possibly* be certain as to the facts at issue. I perceive you would be genuinely upset if you inadvertently misdirected readers of your content so I cordially invite you to reconsider your approach to your posts and to amend your language accordingly. Good stuff.

[dhb368] 18/1/2022 14:42

They are not soaking up enough sirmark. Maybe we will get a little boost from OTC this afternoon.

[sirmark] 18/1/2022 14:26

Also worth noting someone is soaking these all up off the book !

[cezuan] 18/1/2022 14:26

I disagree that it's a "special situation sale". ~1/3rd of all trading days since the Nov 17th RNS are -4%. Today is not special.

[johnswan193] 18/1/2022 14:21

Who'd have thought it, Scot echoing the comments of Johnswan.

I'll return the compliment by saying I completely agree that this should be seen as a very unique "special situation sale".

[scot126] 18/1/2022 14:00

Ah, sandcrab2, the arch conspiracy theorist and suspected (by me!) UK acolyte of fantasist and world-class grifter Alex Jones, how the hell are you? Brace yourself, sandcrab2. Ref your post #21151 and standard refrain "Someone always knows something", for possibly the first time ever I'm going to agree with you.

I know something.

The tragic thing is...you and all the other lightweight, zero value-add ne'er do wells who plague this thread with your gibberish, you lot *should* "know something" about today too. That you don't "know something" about today's market action is entirely a sandcrab2 et al problem and not a scot126 problem.

For those with an open mind and willing to learn something, have a look at the latest RNS issued by PANR dated 13/1/22. Kindly note the date these exercised options will be admitted to trading on AIM. Today at 8am, correct?

Next question. Why, generally, do employees exercise options? Generally? To sell the shares. Usually there's no rationale to undertaking such an exercise unless the employees wish to receive cash for a part of their holdings.

Each of us knows, even sandcrab2, PANR is about to enter a period when a veritable tsunami of hard data is going to be published. Loads of posters have speculated and indeed noted the plan of operations for this winter's activities. Theta West is scheduled to spud any day.....the coiled tubing unit is likely on site at Talitha #A (?) and about to begin operations there.

QED, these newly admitted shares are being sold (fairly aggressively?) today prior to the company's employees entering what is looking like a closed period which could extend for many months.

The question I pose is as follows: armed with this narrative, do traders and investors and readers of this thread a) buy @ c.71p because it's a "special situation sale" prior to a veritable tsunami of substantially de-risked hard data or b) do nothing, spooked by the likes of sandcrab2, of whom one particularly clear-sighted observer described perceptively as a "lightweight, zero value-add ne'er do well who plagues this thread with [your] gibberish"?

Answers on a postcard..........