Ann: Pantheon Resources Plc Operational Update-AXT.AX, page-17

Hi LOTM

Always liked your view on things here on AXT board.

Well probably no C/R for AXT, there should be enough funds to see us through next FY.

PANR it all depends on if they are capable of delivering what they said in the announcement. If there are sales in AUG/SEPT 17 , they can fund further drilling from cashflow.

There is oil and gas that's for sure, it all depends if they can get it out. For me AXT is a passive way to invest in an O & G play at a discount to NTA. My last purchases were around 3 cts and I am happy to hold for another year. It is also this time of the year where tax loss selling occurs. As I said before the guy who picked up at 2.4 cts that's reasonably cheap.