PAX 0.00% 1.2¢ panax geothermal limited

falling

  1. 565 Posts.
    Hi all,
    I've noticed that in the past couple of weeks the SP has been on a fairly consistent downtrend. Seems to me though, that every time that the buy side thins out and the price looks like plummeting a few decent buy orders appear. These are then gradually filled and cycle starts again(after yet another step down in price).
    Looks to me like someone is trying to keep the price from falling too far. I've also no idea what prompted the jump in price a month or so ago. Are we due for a capital raising?
    I don't think there's much money left in the bank but not really sure how much is immediately required.
    Any thoughts?
 
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