I have been accumulating over the past few weeks (by my standards at least). PAX has the lowest-risk target in Australia (Limestone Coast), the highest potential target in the world (Puga), extremely attractive incentive-driven targets in India (Krishna Basin), and $10 million cash in the bank.
The roadshow in January WILL stir up significant broker support, and from what I hear, some majors are already sniffing. PAX ha been overlooked by the wider market and is trading at a massive discount to fair value.
Expect a significant re-rating during January/February, especially on the back of the Kyrgyz report (thermal gradients of ~100C/km) or rig financing for LC.
PAX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
