I hope you're right but realistically I don't think it will happen. I think there is a perception that the rights issue will be undersubscribed, so traders will sell at any price above 5 cents, with the expectation that they'll be able to get filled at 5 cents under the top up offer. As a result I think the share price will head back to 5 cents and stay there until the rights issue completes. If today's great results weren't enough to move it then I don't know what will!
PAB Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
