PAK-Chart, page-547

Grigor and far east capital continually buying more with months and months of accumulation into a 50%+ drop in share price from highs. Doesn't make sense. Not to us anyways. Grigor is a smart individual and would not be buying so much stock if he did not see light at the end of the tunnel.

Months ago I built a decent position based on the premise of the exciting company imagine is and the hope that it may be vended into pak while the coal market was flat and offered no value. Since then imagine has progressed well and we have seen a huge increase in coking coal prices and a subsequent correction to prices, still much higher than when I first bought in. Yet the price action has been dismal to put it lightly. Yet with the decline in price, Grigor still took up whole allocation of CR + $200k for fec on top. Add that to the buying on market as of late and you have one damn large holder. Investor sentiment towards pak is at an all time low and volumes have been miniscule. Do you blame the market? I am sure pak will have its day but it's left a bad taste in the mouths of many investors, myself included.