constant selling? with around 1m shares per day traded recently (only $5,000 per day) it can hardly be called constant. the problem is more a lack of constant buying! there are very few shares for sale (but even fewer punters stepping up to buy).
many geothermal investors (including myslelf) have been badly burnt over the last 2 or 3 years with the likes of gdy and pax. i'm sure many are reluctant to invest more money an an industry where no australian company has made a profit (to the best of my knowledge).
call me a sucker for punishment but i have recently bought a swag of paxo options at 0.001 which currently offer great leverage potential if you like the pax story. you will likely need to pay 0.002 to buy paxo at the moment but they still offer potentially awesome leverage ...
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PAX Price at posting:
0.5¢ Sentiment: LT Buy Disclosure: Held
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