Link to CEO interview on 8th December 2015, which is well worth watching, even with oil at U$20 a barrel, they can still make U$8 per barrel profit. Absolutely amazing. Where else in the world can you get such unbelievable returns ?
PANR rose a mere 12.6% afterwards to £1.24-£1.26 a share.
Making AXT's holding now worth A$18M
LOTM
Substantially Undervalued, O&G Situation in play, page-146
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