1. Administration risk - resolved. (I may not get a stomach ulcer now). The sense of urgency is not as critical now, although we still would like progress to production by end 2013.
2. Market response - status quo in the buy/sell spread (therefore market approves).
3. PAX with $700k in the bank and after having significantly cut back on spending will probably not need to access the facility until next year.
4. Market awaits PPA / Project funding - still to come. (As we have done prior to today).
PT
PAX Price at posting:
0.6¢ Sentiment: ST Buy Disclosure: Held
