PAK: Market Cap: 7.8m SOI: 165m Cash: $4m as of end of last year...

PAK:
Market Cap: 7.8m
SOI: 165m
Cash: $4m as of end of last year
Sector: Coal - currently potential low capex coal producer in Canada with current JORC resource 157MT

Picked up my first parcel of this one today. In a nutshell, PAK is a near term coal producer. Warwick Grigor has recently loaded up a substantial amount. Very experienced board. Price has been heavily discounted because of fires in the region last year, am expecting a major re-rate soon. Lots of activities happening in the near term.
Very good ground and top notch infrastructure = low capex.

Top Holders:
- Warwick Grigor owns indirectly and directly total of 22% - 10% through Gregorach, 11% through Girgor Group, 1% through Far East Capital
- Mark Lochtenberg owns 6% - through personal holdings and indirectly through Rigi Investments. Rigi has solid history of investing in multis from the get go, including CLA, CLL, AML
- Geoffrey Hill, chairman of PAK, owns 13% - successful investor with millions $




All IMO / DYOR
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