I think the cancellation of the cap raising was a great outcome for shareholders and sacking mr. Parker will allow new blood to come in and put the company's focus on a different sector, preferably copper/nickel projects.
Currently, PAX is capped at a very low 1.6 -2.4 m$ market cap so if the new management can acquire a decent project with blue sky potential we will be talking about a multi bagger here.
Maybe the disposal of the geothermal assets can provide some cash for panax?
Anyway, it seems like a new project will be brought into the portfolio soon, so the avoidance of the massive dilution will prove to be be a very positive outcome.
Cheers.
PAX Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
