PAX 0.00% 1.2¢ panax geothermal limited

Ann: Funding Update , page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 322 Posts.
    Although I was disappointed that the announcement didn't say ta da we now have $10M in the bank. I think we all knew that was going to be the case. I believe the market would have been less forgiving of yet another formal extension of the HOA. I am of the opinion that Kerry Parker is an intelligent business leader with a sound track record, if I am reading between the right lines, and there are genuine alternate funding sources that are potentially only weeks away from fruition, it was a very wise move to be able to exit the HOA on our own terms.
    Had the carrot of Molten Funding not been there for the last six month I do believe the SP would now be even lower.
    I for one continue to hold and if the doomsday predictions of less than 1c come true I'm pretty sure I will be significantly increasing my holding.
 
watchlist Created with Sketch. Add PAX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.