PANR closes at a new recent high in London (Monday), yet AXT is trading at only 6 cents against its recent high of 7.1 cents.
Those 7 Million PANR shares are worth A$12.5M against the current market cap of just A$7.9M.
Fully diluted Cash NAV is over 8.2 cents
VOS#1 should be nearing TD by the end of this week
LOTM