ASX has said AXT can't just rely on Pantheon holdings, so yeah basically needs a project to return to trading.
With Pantheon currently drilling, IMO management are waiting for them to realise their full potential before rolling that holding into a project for AXT.
If Panteon hits oil then they are potentially a massive company with a massive resource and a prime takeover target.
ASX has said AXT can't just rely on Pantheon holdings, so yeah...
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