PAX 0.00% 1.2¢ panax geothermal limited

Some kudos for this:"In line with ensuring we manage our cash...

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    Some kudos for this:

    "In line with ensuring we manage our cash position as tightly as possible during the period that we are continuing to finalise the execution of our PPA’s and the securing of required project financing, we have reduced or are in the process of reducing our short term operating costs across all areas of our business – with all staff and contractors now operating on reduced hours or reduced payments during this period.

    In addition to this, all operating and administration costs are being managed as tightly as possible, while having regard to the need to keep our activities in Indonesia progressing as efficiently as possible.

    Further extensive cost reductions are in place from 1 February 2013."

    ps Kerry - no apostrophe is needed in "PPA's"!!
 
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Currently unlisted public company.

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