Definitely hoping (which is about how I feel about PAM presently...

Definitely hoping (which is about how I feel about PAM presently ... it's in "hopium mode") but delivery track record is ... not good.

A couple of items concern me ...
1. Cash balance and Anadara ... This is from the Sep Qtrly (is that a typo on the bottom line re committed capital 30 June 2023?







These placement funds are critical to PAM as they note




2. The problem with PAM is not its potential - its full of that (and other stuff too which one has to carefully filter out), the problem is capital. The Anadara funding is material .... and I mean material in the legal sense. It's truly material if not received as it would not fund the company through to completion of committed Thailand ops (amongst other things) and its also material if it has been received as it removes an uncertainty regarding funding which would support the SP.

3. Well its back to cash available then isn't it. The Dec Qtrly will (again) show a low cash balance and the claim of "PAM is in a position to reduce expenditure without affecting progress on its projects" will be tested ... thinking maybe the markets is predicting this ... and a recapitalization???