Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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I’ve been off this forum for a while and only just returned . I’m holding 6,150,000 shares and like most holders very bullish .
25p very achievable today / tomorrow
30-35 from a trading point of view (barring funding news) would be great
PANR just keeps giving. Whether this goes up or down is always a joy to trade.
Now sitting on 1m shares.
Everyones wants to make money and the near term range is calling. Most MMs will want to offload these back in the established 25-35p range so expect that is where it is headed. All underpinned by the possibility of incremental pre-fid funding arrangements and deals being trickle fed into market.
Almost hope it gets dropped into the teens as that would be another great opportunity, but cant be too greedy. Here's to hoping...
Regardless, up or down, fill your boots 👌
Pesky, we need to be careful with the language around the previous farm in discussions. It was a staged deal for a minority percentage, which could be anything up to 49%.
Seahawk, whilst I get your point regards market wanting to see a flow test, any majors will understand the data and the modelling it contributes too. Personally I don't think we would want a major farming in now, I doubt we would get favourable terms.
Last time Scot went quiet it was before the BOD blindsided the shorters by flipping the convertible bond payments to known hands.
In my opinion Peaky it has always been a long term, and it has always been prone to bad press and knee-jerk market reaction. A good time to hold or add to level out, and definately hold.
That’s why I just bought more!
How we can be at 20p + a share from £1.50 only a few years ago is so baffling to me
with so much work now done and barrels confirmed with dalton so accessible and all other things considered
why we have not had a major show interest or jv partner snapping at our heels
be so interested to know whom courted us years ago with a billion dollar figure for a small percentage
still holding long and still
believe in bod and daves plan of $5. - $10. dollars a barrel.
without further dilution and 1 billion shares and 2 billion barrels
looks like a tenner a share possible
at $7.5 average
Chrisev1
The shorthand version is, the project has grown so substantially, it now requires an EIS that will delay cash flow to 2028.
Concurrent with this a probability has emerged that gas sales will eventuate, this would fund development beyond FID, via debt funding, backed by a gas sales take or pay contract.
Additionally the testing of an additional 600m barrels of high flow conventional in the new Ahpun East leases at Megrez 1 is planned
All of these probabilities can now be tested within the IES timeline of 2 to 3 years, without adding further delay
Funding required to FID is $60m, which includes the drilling and testing of Megrez 1, G&A, hot tap into TAPS, IES, US IPO costs. A further $25m is possible should an additional Ahpun test well be required
Presume around $25m of the $60m is for Megrez 1, with the balance for the other activities, and also note that the need for funds will be spread over the draw down timing
For perspective, consider the potential benefits investing $25m for an additional 600m barrels of true conventional, with a COS of 70%. That would be an easy sell as a stand alone project
"I wonder what why we haven’t heard anything from Scot126 about this"
- I guess he is still writing his response, part 'n' to follow
Agreed! The 49 Q and A session at the end was very informative and confidently answered by David! patience is required - a busy year ahead.
LTH
50p soon enough. We're all here watching. Same faces appear for the 10% down runs. The less than 10p spiral of death crew will soon be gone. 🤣 I'll be snaffling up more shares and id assume Marks doing the same. But enjoy your down day party. 🥂
If this was 88 energy they’d be all over it.
Where’s SirMark with his 50p party??? Makes you laugh they all disappear when the share price plummets and will continue to drop.
Same for Olderwiser.
I wonder what why we haven’t heard anything from Scot126 about this. Normally he is very quick to comment about presentations and webinars. I’m interested in his views on the current one.
*Be at, not beat
Panr has always been a long term play for SH. Step by step this monster moves forward. We all know there will be noise on a daily basis from the impatient and those that are after a quick 10% and move on and I have no problem with that , we’re all here for profit.
I find it incredible that some are labelling David Hobbs as incompetent, he strikes me as a man with integrity and someone who doesn’t strive to fail. And let’s not forget he has a lot of his own cash invested here. We all know that finance is what’s holding this back and one way or another this will be sorted. Whether this is through equity dilution, JV or debt base lending we shall see but it will be sorted and the SP will be not beat 20p at that point.
The webinar showed an honest position of where we are whether we like it or not. The SP could and probably will drift lower with the uncertainty, and if it does,I for one will be buying more and will sit and wait for the true value of this Company!
Hi Rabito no I have no other knowledge, other than there must have been a reason for PANR to try a long term test on the horizontal that to all intents failed. I just believe that showing the world a well producing 2000bopd means a great deal more than a computer model. Lets face it you would be mad to invest quite possibly billions without first seeing a well producing and what the drop off was over time.
Great news….!!!!
Every time this 🤡 appears the share price goes up
🤡 🤡 🤡
Kever is a very sad troll.
Look at his history.
His posts are green because I blocked him.
Do the same.
Zero Value
Jesus Kever, the have three independently certified discoveries.
TRP has 3 class assets and has a market cap of £2 million. They also have zero debt and will be drilling a proven oil discovery in a few months
PANR on the other hand have a market cap of £200 million (with debt) and are light years away from any oil discovery and production
Kever, it's interesting to see you so negative over here yet you're so positive on TRP 🤔 .
Anyway, just an observation all the best with all your investments.
GLA
Mangrove Partners added to there short at 22p the price 11th September .
That looks good today , but not when 36p 19th September .
12 December it was 17p.
I do not expect to call it better then them with all there in and outside info ..Arch-Stanton
The Fund................................................. % Short Change Date Changed
The Mangrove Partners Master Fund, Ltd. 1.53%... 0.10%.... 11 Sep 2023