Hi Squidd,
Ye, just depends on what sort of discount to cash NAV you think they should be valued at.
PANR just keep on climbing at the moment.
Fully diluted cash NAV is 8.3 cents at £0.815 bid price for PANR.
Personally 6 cents is way on the lowside, I'd say 7.3-7.5 cents is about where it should be. With VOS#1 news to come at some point.
LOTM
Substantially Undervalued, O&G Situation in play, page-106
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