Daytrading October 23 afternoon, page-49

Not exactly a day trade but...........

AXT market cap is currently A$3.5M, its holding in London listed PANR (7 Million shares) is worth A$5.9M @ £0.395 per PANR share.

PANR have a gas/condensate well undergoing flow testing & announced on 22/10 that the well result will be known next week. A second well is close to reaching total depth on another prospect as back-up. Significant upside on success of either of these wells.

At the current offer price of A$0.029 your buying PANR shares effectively at £0.2560 instead of the £0.40 they cost in London.

Diluted NAV 4.18 cents, undiluted NAV 4.51 cents

LOTM