In the Central African Republic (CAR) the company has already acquired a significant gold play where early exploration results are promising - we should get more data in the New Year. Within the statement is a phrase: "The Company is building on its already significant position in the CAR." I expect news very soon that Pan has acquired acreage, not necessarily in gold but perhaps in something considered even hotter, in the CAR. At 3.375p my stance remains "speculative buy" at up to a limit buying price of 4p.