I agree, the market likes certainty more than anything else nowadays.
Having a look through their websites, PXG have released 22 announcements to the ASX since 31st Jan this year and all of them have been good ones! I expect we will have a few more drilling results released before Feb 2012 and the options will be well and truly in the money.
I too am quite cynical about Pattos (and really every other insto). Much like loan sharks to me but sometimes a necessary evil. I haven't seen them on the latest top 10 holders so hopefully they won't be able to manipulate the price down.
IMO PXG is becoming more widely known in the investment community as one of the top gold explorers/early producers on the ASX. There have been a few reports put out on them. I think that if Patto's tries to sell down the stock (assuming they are holding a lot), they may end up with a broken nose (and deservedly so) for it.
PXG Price at posting:
27.1¢ Sentiment: LT Buy Disclosure: Held
