@BiacheI'm not sure which Indonesian project will be first to go...

@Biache
I'm not sure which Indonesian project will be first to go Sokoria or Dairi Prima, I was rereading ASX annouincements and Sokoria is planned for an initial 10Mw followed by a fuirther 20Mw 1 year later, Dairi Prima is 25Mw and PDTPM hope to have their mine in production by late 2013 I would guess they will want power on line for that.
I would imagine Panax are hoping Molten funding and progress on these projects will increase the SP enough to make option holders exercise their options at 4c.
This should bring in 4M if Taylor Collison(underwriters) also exercise options and a further 2M in options held by Molten giving a further 6M in the kitty Plus Moltens 10M, still nowhere near enough on Biaches figures.
However a few positives may get some serious investors to jump in.
I live in hope