Unless Pantheon announces the acquisiton of a rig and start of drilling, there seems to be little else that can drive Argo's share price. Pantheon's fallen a lot from its high (which I believe was achieved under the assumption that they were going to get their hands on a rig). If it heads anywhere close to that peak again, it should be positive for Argo. That being said, my guess is we're looking at a flat share price till start of drilling by Xstrata.
AXT Price at posting:
9.2¢ Sentiment: None Disclosure: Held
