PAX panax geothermal limited
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Ann: Corporate and Project Update , page-27

  1. Bargain
    831 Posts.
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    01/01/13
    18:10
    Post #: 11240506
    Rockist,

    PAX are on the hook for $28 million for the first 2 projects. They will raise that through the Singapore subsidiary. Advice from the AGM was the Asian investors had the money prepared but were waiting on the PPA to be signed. Therefore, no need to raise funding for the projects through capital raising.
    PAX Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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