PAX 0.00% 1.2¢ panax geothermal limited

G Luck GrahamI know you hold a lot and i wish you well, just be...

  1. 2,854 Posts.
    G Luck Graham
    I know you hold a lot and i wish you well, just be careful of this facility/note which will continue for a long time IMO.
    Panax at this stage dont have cash to last 12 months unless they keep drawing on the facilty and issuing stock at the 18.8 percent discount to markets.
    That will IMO put continued pressure on the SP.
    Mr Parker needs to make an announcement to the market urgently IMO
 
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