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contrarian 8888 Profile picture
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7 Dec, 4 tweets, 2 min read
$PANR $PTHRF. This is amazing news. 1. The company raising 50 of the 70$m with a convertible at a 20% premium (around 80p) and is payable at company’s option in either cash or shares. Thus with the 70$M raise the company plans to drill all the zones but most importantly ALKAID
Which will be producing oil - so they can use the cash flow to prepay the convertible loans. Instead of giving 30-50% of the field to a farm out partner- Panr will own 100% less the dilution from this deal - and if they can use alkaid cash flow the dilution will be in the single
Digit %. I’m beyond amazed at the phenomenal financial deal PANR managed to secure. If this is a huge gusher- im glad we own 100% and not some small tiny %. (Note Exxon in Guyana etc ends up owning 20-30% of these massive fields) - we own 100%!!! Time to
Remember the shares recently were under a lot of pressure as many on twitter didnt think they would secure the funding. Well they got it done. So this huge overhang has now been lifted. Time to celebrate!!!

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More from @contrarian8888

contrarian 8888 Profile picture
8 Dec
$PANR $PTHRF. The benefit of the company having raised more $ than expected- as evidenced by the huge outcrop of support in a very oversubscribed deal is that when entering into negotiations to sell the asset a much stronger b/s leaves them in a much better negotiating position Image
See last line in the paragraph by Jay Chatheam. Mgmt told me that their phones were ringing off the hook from oil companies that were shocked PANR was able to pull of the fund raise. So for all the naysayers who are upset with the additional few % in diln- and are dumping the
Shares today, if your ultimate goal is to sell the asset to the highest bidder (recall the August webinar where Jay Cheatham said this is our last venture & we want to go out with a big win), you need a strong balance sheet so you don’t get pushed around- be it with a farm out
Read 4 tweets
contrarian 8888 Profile picture
9 Nov
$QQQ, #tech. I’m starting to get increasingly nervous on just how overbought markets are.
These charts from @themarketear show just how much hate there is towards puts, and a strategy called “Texas Hedge” going long calls funded by selling puts (or in HF lingo called risk reversals) has gained in popularity. Problem is this is super super risky.
Here’s the chart showing folks going long calls, shorting puts.
Read 10 tweets
contrarian 8888 Profile picture
23 Sep
#uranium. I’d encourage everyone to spend the first 15 mins to watch @brandon_munro give a fab update on what’s going on with the SPUT vehicle. Even for someone who watches the sector closely, I couldn’t help get more bullish with couple catalysts that one may have missed.Namely
1. URA Re inclusion of SPUT once it seasons would lead to serious torque for SPUT-leading to more uranium stacking- leading to better U miner perf
2. NYSE listing of SPUT next year
Read 7 tweets
contrarian 8888 Profile picture
20 Sep
$XLE #uranium, $AGE. As markets seem to be bludgeoned by the sentiments of LEHMAN 2.0 (ie Evergrande) i thought it would be interesting to reflect on some facts for us energy bulls. By the way I’m generally agnostic on the SPY- its super expensive & its a crap shoot on the next
10-20% move but i do think that energy and uranium are headed higher in due course, post a normal shake out of the LIFO FOMO crowd.
$AGE had a conversation with Greg Hall (ceo) who said that on Wednesday there was barely any inventory in spot mkt for SPUT to buy. The mkt is much thinner than many believed which means there could be further gapping risks when SPUT returns to a premium to nav. This
Read 9 tweets
contrarian 8888 Profile picture
3 Sep
$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.
Read 5 tweets
contrarian 8888 Profile picture
4 Aug
$PANR $PTHRF. Human nature is funny- on 7/16 pantheon went up intraday 20% on a big resource upgrade which over the subsequent 3 weeks has now been erased. So lets recap (1)we’ve found out that the resource is much larger (2) oil draws last 3 weeks have by and large been bigger
Than expected implying the bull case for oil even with the delta variant is stronger (look at Indian demand which has bounced right back- the epicenter of the delta). (3) much closer to the timing of another webinar to provide a lot of color on the resource and potentially more
News flow on other zones. Many of my picks like $AR went down 50% first before exploding up 20x (hence a 10 bagger). Conviction cant be rented and you have to do your own work but one recipe i know will turn bad is chasing strength and selling weakness and just churning the a/c.
Read 4 tweets

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