Scot126 Profile picture
Sep 25 5 tweets 3 min read
@mfwarder "Screed" Really, Matt? Brilliant take.
Where's your tweet upbraiding Josh who ***without a scintilla of evidence*** tweets out to his 57k followers a clear insinuation of equivalence between the Bre-X scandal and that of the $panr BoD? 1/
@mfwarder I've traded the market long/short for decades and not once have I felt it necessary or ethical to seed a public forum or any other forum with evidence-less insinuations of fraud. Here's an idea for all of Josh's libertarian style traders. Tell me the name of a long position...2/
@mfwarder ...they've researched extensively and invested in and I'll start hashtagging Company ABC as follows: #ABCcorpisnextEnron or #ABCnextWirecard. Naturally I won't offer a scintilla of evidence in support of my allegations.
All's fair in love and investing, Matt?
That wasn't....3/
@mfwarder ....how I was trained to behave. What happened to the old City adage of "My word is my bond"?
I'm all for free speech but it surely comes with a side dish of accountability. Josh crossed the line and I challenged him directly. My "screed" was aimed at him, not you.
4/
@mfwarder But now that you're here, if you wish to play the ball and not the man, listen to the April and May '22 $panr webinars, read the AHS Baker Hughes reports and get back to me with any questions of fact. I'll do my best to answer or point you in the right direction. Deal? /end

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More from @Scot126126

Sep 27
$panr $pthrf #panr @Josh_Young_1 @oilmutt @EnergyHobbs @contrarian8888 #eft #oott #Com
Some fact checks for Josh and the Josh Bros like Oil Mutt.
1) Josh refers to mud slinging when it was he who started this exchange by insinuating equivalence between the conduct of...1/
...@PantheonResour1 and the Bre-X scandal. Josh did not provide a single sentence of evidence to back up his outrageous and highly unethical tweet.
2) Josh appears to believe @oilmutt is some kind of O&G super-sleuth. He urges his Bros not to let Oil Mutt have...2/
$panr $pthrf
..."all the fun". Let's examine Investigator Oil Mutt's claims, shall we?
Allegation #1: Oil Mutt began baselessly alleging #panr hadn't reported to the market its Theta West-1 was to be P&A's at the end of the 21/22 winter season. He challenged @Gary02001438 and me to..3/
Read 48 tweets
Sep 26
#panr $pthrf @Josh_Young_1
What else did we learn from today's RNS?
A) the 30 stage frack of the Alkaid-2 lateral was completed over the weekend. Thus insider sales announced last week (c.11% of the three directors' combined gross exposure to $panr's equity)...1/
...occurred during a period when flow testing had not commenced. Thus the company's lawyers and Canaccord (UK NOMAD) signed off on the sales. I fully appreciate the wisdom/timing of the sales is a fair debating point but the whole "those dodgy... 2/
$panr $pthrf #panr
...directors *must* have seen the initial flow rates" can now be discarded as a working theory. Fact.
B) Those who listened to the April and May webinars this year have been aware Schlumberger has been working for months on a 3D visualisation of the various $panr reservoirs...3/
Read 10 tweets
Sep 26
#panr $pthrf @Josh_Young_1
Excellent operational update from $panr a few minutes ago. Amusingly one of the Josh bros thought his "Gotcha!" moment had arrived when he stated with utter conviction that the (30) multi-stage fracks ought to take no longer than "3-5 days"....1/
....the $panr BoD have been caught lying.
So I say to all the Josh bros, read the RNS. By all means be sceptical AF but at least now accept it has been the model from Day 1 that in order to deliver commerciality $pthrf was, is and will be relying on multi-stage fracks...2/
...on medium to long horizontals. Today's RNS *confirms* that the *engineering* component of this project can be delivered on the Alaska North Slope. It *confirms* that given the correct equipment and skilled personnel the operations can be undertaken on schedule. I wholly....3/
Read 16 tweets
Sep 23
@JCarney2012
Hi Joseph - I fear you have mischaracterised my exchange with Josh. Josh insinuated on a public forum *without providing any evidence* an equivalence between the Bre-X scandal and PANR management. I've been in the equity markets since 1994 and I felt Josh had....1/
....crossed the line and deserved to be called out for his conduct. In the course of our tete a tete it became crystal clear Josh hasn't done an ounce of fundamental research and, disturbingly for a fund manager, had completely misunderstood the mechanics of the....2/
..simultaneous exercise and sale of options and instead levied the allegation that, by some sleight of corporate hand, "replacement" shares had been issued to the 3 sellers. Compete nonsense. A couple of folk have fact checked him but to no avail, fyi. 3/
Read 5 tweets
Sep 23
@Josh_Young_1

1/
Josh – your tweet equating $panr with the Bre-X scandal is absolutely outrageous and utterly contemptible, especially coming from a fellow professional. You’re a bright fellow and frankly this type of conduct is beneath you, or should be.
2/
You’re implying directly that the $panr directors are criminals, without offering any evidence. No ifs, no buts…that’s shameful behaviour, Josh.

Try this for size, Josh? Here’s link to a Guardian news article about Raj Rajaratnam of Galleon.

theguardian.com/business/2011/….
3/
Scenario: I suddenly think it would be a great idea to contact on Twitter the journalist who wrote the original Galleon article and suggest he investigate Josh Young of Bison Interests for insider dealing. I have no evidence of Josh Young trading on insider information but...
Read 55 tweets
Sep 6
$panr #panr $pthrf @contrarian8888
RNS out. Thread.
Ok, here's the Farallon explanation IMHO. Since the dissolution of CHONS in Dec '21, Farallon has been relying on a specific exception clause in the UK FCA Handbook, quoted below:

1/
"Certain voting rights to be disregarded (except at 5% 10% and higher thresholds)
DTR 5.1.5 R 01/01/2021
(1) The following are to be disregarded for the purposes of determining whether a person has a notification obligation in accordance with the thresholds in DTR 5.1.2 R

2/
....except at the thresholds of 5% and 10% and above:

(a) voting rights attaching to shares forming part of property belonging to another which that person lawfully manages under an agreement in, or evidenced in, writing;"

3/
Read 11 tweets

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