PAX 0.00% 1.2¢ panax geothermal limited

Ann: Corporate and Project Update , page-29

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  1. 1,192 Posts.
    Polpak

    I'd love to think you were right about the price going up with a small investment however I can't see that happening.

    Deer Valley still have around 30M to sell there are no buyers at 0.2c, Management want to tap DV for more money hence the EGM.

    If DV cannot dump what they are holding they are unlikely to take more at 0.1c therefore they will insist on 0.05c so they can sell at 0.1c to double their money that would mean another 15% of the company 104M shares would be sold to realise $52K there are some buyers for that price but DV could still be left holding a large parcel which they will slowly dribble out as buyers appear.

    I can't see any financiers who would be willing to fund a company which is worth little more than 2 flat rocks.
 
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