Bit of a mystery all this, there are some decent sized holders...

Bit of a mystery all this, there are some decent sized holders over in UK in GGP that also have stock in Pantheon Res.

Some think it may be a funding issue with GGP as their finances are tight. Shares in Pantheon were not suspended today suggesting it may not be Padre related.

The trading in Pantheon today was very odd, after an initial flurry the shares closed level for the day. Another large block (10 times normal market size) went through. Trading was once again well above average.

One things for sure both in Aus and the UK the SP's do not seem to be reflecting the potential of a large find at PD. Pantheon is only valued at £22m (also holds £7m cash) whilst GGP is around the same.

There could be good upside in both companies once this issue is out in the open both shares can move forward.