PAX 0.00% 1.2¢ panax geothermal limited

Agreed William, that discount was shocking.....If issued at the...

  1. 7,186 Posts.
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    Agreed William, that discount was shocking.....

    If issued at the 18% discount, some 9m less shares would have been issued (by my rough calcs).

    Moreover, are they really that cash starved that they need to issue scrip for $35k?!!

    According to the last quarterly they had $705k in cash or equivalent than and I imagine the corporate and exploration spend is in holding mode whilst things are being sorted...

    Does not make sense to me (unless it's a mandatory monthly fee?)
 
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