I like you are getting a little anxious as the funding deal was initially announced on 8th August, Molten will have had 6 months to find 10M this Wednesday. Also I note the Molten share purchase scheduled to be completed in January still has not ocurred. It is difficult to keep the faith however I do note Molten executives do have a good track record in funding earlier Geothermal ventures before they were with Molten. I would also assume Pax will be trying the patience of their Indonesian partners who will be wanting to progress their projects. I would imagine that in the contracts between Pax and their various partners there will be deadlines and with Molten getting an effective 4 month extension these would be getting close. It would be nice to hear from our Board some details of the visits to Indonesia in January. I would hope our Directors are working for our best interests as this deal could be the make or break point. I would suggest Pax could not tap shareholders for more funds. Lets hope we get some good news soon because Geopthermal is a worthwhile venture.
PAX Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
