PAX 0.00% 1.2¢ panax geothermal limited

There is a sting in the DV tail.The agreement can be terminated...

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  1. 1,192 Posts.
    There is a sting in the DV tail.

    The agreement can be terminated by DV if not used for 6 months.

    We shouuld have enough cash in hand for the current quarter, the report does suggest project funding will be finaliised this quarter (heard that before), we may not need to use DV again however I suspect management would not like the facility to expire as it is handy for contingencies. So I would expect a small placement in the next 6 months, lets hope it is after PPA & funding announcements and SP is more reflective of company value.

    I must also brag that I have now maneged to get myself into bronze medal position on the top 20.

    I have faith, we're in the right business, in the right country, we just need Indonesian Govt to get it's finger out and all will be well.
 
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