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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
Seahawk, what's up next is the announcement (or more likely announcements) you were expecting last night will likely come in the near future. We will then look to drill Ahpun East which is predicted to be very similar in reservoir quality to that of Pikka/Willow etc, none of which undertook long term flow tests.
Given we have the IER on Ahpun and multiple parties having carried out well modelling, is there some reason or knowledge you have that leads you to believe that Pantheon's porosity and permeability will act differently to everyone else's?
Where in last nights webinar are the board 'actively talking about huge equity dilution'?
"most of us don't come on this board anymore due to the nonsense discussed on here. "
you mean my nonsense when i warned everyone about huge equity dilution. i was ****ged off. now the board are saying the same as me.
"This is and always has been a buy and wait share"
Correct but now the board are actively talking about huge equity dilution. Be warned. red flags all over this. As I have said previously I expect huge dilution at about 10p
Just another example of a broker’s warning not to go anywhere near O&G unless there is at least £50m clear cash sitting on the balance sheet
Oh look who's back! Putin and Kevar 🤣🤣. What a surprise.
Olderwiser is around on discord. Most of us don't come on this board anymore due to the nonsense discussed on here. The sp will go back up. This is and always has been a buy and wait share, anyone thinking this was going to be going up to make you rich this year is well and truly deluded.
Sit back and relax! Go meditate or something.
Looks like its going for the fib support long and short term is 16.8p and 18.1p.
So what is up next? Last night was supposed to be the big announcement on future funding and it was a not. So we seem no further forward apart from a couple of companies confirming we have oil in the ground, I still don’t think that we have conclusively proved it will come out in the quantities required, which may be why the big companies have not come forward. Perhaps we need a well on a long term production test to really prove it all works. Anyhow something needs to happen this winter as we cannot just sit waiting on an environmental report for three years, especially as we seem to have taken on a load of extra staff. We will below 10p in a shot if we don’t drive this forward.
Where are those two ramping muppets scot and olderwiser? Lead you all right up the garden path with promises of non dilutive funding and other ramptastic comments. Probably sold out and left you all holding bags.
Many here tried to warn you of the impending finance raising issues, but they got shot down and banned from the forum. Now things are not looking good at all, and a significant placing at a significant discount looks more than likely at this point.
That banditputin poster was right all along!
"The company detailed last night that there are still engaged in a number of 'ongoing funding initiatives"
PANR have been trotting out this nonsense for years
Everyone seems to be missing the point the previous plan was to get to first production and self sufficiency . The EIS has pushed the timelines back as the Ahpun project will now be targeting ~900mmbl instead of ~150-200mmbl. A such the $120-$150M is no longer applicable. So, we now need $60-$85M to get to FID which will release the targeted post FID funds. If the gas pipeline does not happen do people think that a farmout of a >2000mmbl onshore US project with proven commerciality (at least as per IERs) and an approved EIS will not be possible. If the pipeline goes ahead and progresses to the LNG, then we may have an additional $30-$40B in Helium Revenue to deal with now.
The company detailed last night that there are still engaged in a number of 'ongoing funding initiatives including structured instruments, farm out, debt based, equity including US listings'. People can interpret this how they want but at no point was their reference to these stalling. Indeed the company are keeping options open to retain best possible 'negotiating leverage', the complete opposite of ‘putting themselves in a straightjacket’.
Note from RNS three days ago ‘Pantheon's stated objective is to demonstrate sustainable market recognition of a value of $5-$10/bbl of recoverable resources by end of 2028.’. It was repeated by David Hobbs yesterday when discussing the slide which shows $5bbl, the company have previously shown the conservative projections, to me this is no different.
Hobbs and Cheetham need to go for PANR tp progress. Both incompetent.
What price the huge dilution ? 10p ?
I predicted this months ago and got slated on here.
Boring, technically, probably switched off before the end why don't they apply their minds to getting taps up and running producing an income instead of drilling more wells? We Know we have oil and gas so let’s see some Flair in the presentation
Regretfully I'm down too far to be in a position to sell. I will just have to write PANR off in the interim and simply hope for the best in the future.
Fortunately one of my other stocks is doing better which helps ease the great disappointment that PANR have bought me these past few years.
All the best and have a good weekend everyone.
A clear funding requirement now of $60-85m as a pre-requisite to the next stages of the plan, which is clearly based on the benefit of gas sales. History is being re-written based on the emergence of gas and now Helium. The presentation quotes a former funding requirement of $350m whilst more recently they were quoting variously $120-$150m as the maximum requirement. The target price has for a very long time was in a range of $5-10 per barrel. It is now very clearly being stated as $5. Another erosion. FID now 2028 not 2026!
When the gas rabbit was pulled from the hat a few months ago and became the new basis for the success of the company, we started to smell a rat.........and here we are!
Initial waffle, word trips and apparent nervousness on the part of Mr.Hobbs explained as the presentation went on. He was delivering very underwhelming news!
What if no AGDC? What is the initial funding requirement?
Mangrove will indeed be rubbing their hands together, just listening to the Q&A from around 37 mins in is depressing, everything seems to be either delayed or extremely complex such as the US listing - Jam tomorrow will be extremely damaging for PANR. Seahawk is absolutely correct, with hindsight, which in reality the company management do have here as they know exactly what's going on, they should have raised funds long ago at much higher SP. Their trepidation is going to be the SP's undoing. and the desire to not, as he says, throw $100 million onto the balance sheet, I read as there will be multiple smaller funding raises, thus each time just placing pressure on the SP, this Hobbs chap is gonna drive the SP down with this strategy imo. I'll thus leave this board to it now, this is for me not investable under these timelines, AIM is high risk for high reward, high reward is not something that 'might' come off many years out with placings in between. Good luck to others though.
I can well understand the desire of the company to avoid dilution but they do seem to be putting themselves into a straightjacket.
Finance options for small O & G companies are limited and reading between the lines and on the basis that nothing concrete(finance) has actually been completed over the last ~6m suggests that things are stalling.
Forget the natural gas deal that is still something that is uncertain as of today.
Mangrove must be rubbing their hands together.
I also was very dissapointed in the lack of move forward on the funding front, must say I sold 75% of my holding in the first few minutes of trading with a view to leave my profits in for the long term as I do believe things will come good at some point, of course many Investors are not willing to sit on their hands for 2 to 3 years and I understand this. GL LTH
I told you months ago nobody was interested in providing asset based finance and that there would be massive dilution. I got lots of abuse.
Given the words spoken in the webinar huge dilution is coming at circa 10p would be my guess.
Hobbs and Cheetham are incompetent.
It was bad, a whole lot of waffle leaving me with no clear idea of what is going to happen in the short term. A three year pause whilst they complete a new environmental study with no income. They state they are not relying on the gas but they clearly are. They should have raised money when we were at 30p to keep the whole show on the road, they have missed that opportunity.
I was just looking for a quick update from someone on the board, but sp movement seems to tell all, I am not unwilling to watch, I will at some point later, was just looking for a quick heads up, but no issue either way.
What other boards are available please?
Stas20, you seem unwilling to watch the webinar witch discussed the funding strategy, but quite happy to comment on it.
"Funding will be very dilutive" : based on when the funds are required, and how much, what is your calculation of "very"?
Beware of games: there are far more informative boards than LSE.