$PANR $PTHRF. A few weeks ago i had tweeted that I had increased my stake in $PDN (despite a low teen basis) at A$43c and added 66% to my $age position at 2.7c. Well the timing worked out but i can tell you by the # of likes/sentiment was pretty washed out. Investing is about
Probabilities and buying when something is hated- not when there is cheering. So where am i incrementally putting capital to work- Pantheon. Since i tweeted about the idea, the company has increased its reserve estimates materially, had an amazing webinar. Stock has been week
From some selling by a large holder that is non economic (credit fund selling their collateral to pay down the debt). This also plagued Pdn by the way and I recall the frustration on Twitter. During that time i increased my stake materially and now the stock is 10x that level.
So I’m happy to be buying $PANR here even though its close to 2x my basis because the information now known has given me that much more conviction. Could i be early- sure. Could i be frustrated in a month or so- sure. I didnt look for immediate gratification on pdn either.
But i do think in a year or so ill look at these levels as a huge gift.
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