Pantheon - AXT invested $1.7M, now worth $3.7M...and rising!
In the kitty, around $1.5M.
So ~$5.2M cash/cash equivalents.
Good with their money aren't they?
Only raised money only once since they floated back in late 2006, and that was at done at 30c for ~$3M...not that they really needed it then as they already had $5M in the bank at the time, taking their bank account up to ~$8M (and they still have ~$5.2M of cash/cash equivalents per above).
Somehow I think that when they do raise money, it won't be below 30c!
Pantheon: - First well to spud in weeks - Up to 50 well development - Each well is estimated to have a PV10 of US$6 million net to Pantheon (after drilling and operating costs, royalties and production taxes)
...somebody get me a calculator!
...and which nervous Nelly sold me some more cheap ones today?!?! :)
AXT Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
