Recent RNS by Pan Andean Resources confirms it will be seeking to raise further funds via a share placing.

Will RAB - the often present investor in smaller resource exploration and extraction companies be pumping it's funds in?

If so expect a share price rally. Stock is badly undervalued - it says it is sitting on a gas reserve of almost 1 trillion cubic feet, which in npv terms could be worth as much as $145m - the company valuation is approximately 15m at todays price of 15p a share.

Worth watching at least .. current bid-offer spread is approx 8%. Expect this to narrow as stock liquidity improves on back of fund-raising and news flow. Could be the next JKX as following a similar strategy in the USA.

interesting statement today. could be very positive in near future