One can't help but be a bit surprised that just because PAX did not get a GDP grant today the share price should fall. Did the market really think that PAX would receive a second grant for exactly the same kind of project ? Yes, I guess I am expressing my opinion of the market but then the dumbness of the market is euphemistically termed 'inefficiency' and is where we all strive to gain some advantage. But then again it was worthwhile for PAX to apply knowing that politicians normally like backing known winners.
It is a great relief that we can now concentrate on the real stuff of drilling holes at Penola rather than playing counting games of the days when the rig might just become available.
Juke
PAX Price at posting:
14.3¢ Sentiment: Buy Disclosure: Held
