Lots of AIM shares sell promises12 Dec 2013 10:57
PAN has cash, BIG assets and strong income stream. Logic will come to the fore and PAN must rerate.
There is little, if any downside, the largest shareholder offered 22p a share in October with no due diligence as it did not want to prejudice ability to buy more shares in market. MCap is twice that at almost £50m. Hence IMHO the shares are an absolute steal at this level - we will rerate or we will be taken over at a price significantly higher than this level. Shares are in short supply and the price will firm quickly and then hop as MMs have very limited stock. You can sell 200000 but only buy 10000 at present without going negotiated trade,.