PAX 0.00% 1.2¢ panax geothermal limited

emr 22/2012, page-13

  1. 322 Posts.
    I continue to be quite upbeat about PAX over the longer term. Unlike the relentlessly negative Ntsusu who only ever comes on here to stay the sky is falling I like graham have held for a rather long time and will hold for a while to come (anyone want to buy me out I'm open to offers above 20c, otherwise not selling). The signing of the ppa will happen, and under quite positive terms. Corruption does still exist in Indonesia but nothing like the good old days. Indonesia has an insatiable appetite for power and a president (SBY) who is desperate to move his country away from dependence on diesel and other high priced high polluting fossil fuels.

    My biggest concern is to do with news that our partner PT Bakrie may be in a bit of financial strife (read bankruptcy)

    I too will be buying a .04c graham
 
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