PAX 0.00% 1.2¢ panax geothermal limited

positive article - things are happening, page-11

  1. 103 Posts.
    spot on benny.
    ppa's are in final and binding form and just waiting sign off. offers of finance are being considered (term sheets exchanged).
    pax has been able to secure $5m funding package in very difficult market conditions, where it dictates when funds drawn and therefore price of shares when issued.
    I would of thought this was a very positive indicator for our current position - to me it demonstrates that there is confidence by Deer Valley that pax has a future.
    I'm hanging in and have topped up on paxo's. cant believe people are running for the door.
 
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