PAX panax geothermal limited

Ann: Appendix 3B , page-3

  1. 4,687 Posts.
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    Yes, I was surprised by the figure. Further dilution for shareholders.

    This just continues the theme of this company IMO having an extraordinarily high amount of outlays in relation to wages, consultancy fees and administraion (relatively speaking). Last 6 months, it was over $1 million.

    How much funding is required to actually get the company producing electricity while at the same time covering the $2 million per year in administration!
 
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