Jukes, given the volume of shares traded and the fact that the price fell the day after the SPP closed, I'd suggest that the price drop is nothing more serious than the movements of one or more investors who wanted the SPP options without increasing the size of their position/s. Selling too many before the SPP would damage PAX's ability to raise capital (were the SP to go to 14.5c) so perhaps they waited.
Just a theory, as it wasn't my stock out there, but I don't think the current SP is a serious concern. Consider the last SPP that saw a spike from 13c to the low 20's in pretty quick order.
But hey, I thought we'd be at the bottom of SAL1 by now, so don't listen to me!
PAX Price at posting:
14.3¢ Sentiment: Buy Disclosure: Held
