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8 days is a long time in the history of Pantheon Resources...oh dear, oh dear

By Tom Winnifrith | Tuesday 2 April 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Eight days ago Pantheon Resources (PANR) issed an RNS proclaiming a "successful flow test" of the Alkaid well. Its shares zoomed. Today we have an "update." Oh dear. Oh dear. Oh dear. The shares have slumped by 27% to 20.5p and I suspect that initial reaction is way too generous.

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