PAX 0.00% 1.2¢ panax geothermal limited

Ann: Corporate and Project Update , page-33

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  1. 4,358 Posts.
    and all this nonsense will go away if Pax gets on with business with a signed PPA and project finance.

    I agree with Flyboy. The second and third share issue to DV not justified and now SP is down to .001/.002 levels (previously SP stable at.005/.006 for several months). Talk about shooting yourself in the foot. Prior to DV at least some retail buyers were around.

    My current position is "no" for the EGM. Need to see some evidence of real action on the ground, which is not unreasonable given the PPA was expected early in the last qtr. I think we are well worn out on various words such as "imminent", "soon", and "shortly".

    Time well passed on delivery.
 
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