Bargain buy it is . Then what can be said of the other geothermals offering the same rewards as Pax. New Geothermal plays were planned to be listed at around the $20m mark (delayed now for several months due to gfc2) so there are plenty of bargains out there.
HRL - market value $6.5m, GER - market value $6.5m ,TEY - market value $6.5m
HRL is next door to Pax and has heaps more acerage but valued at 20% of Pax's value.
holding Paxo,Hrl,Ger,Tey
PAX Price at posting:
10.0¢ Sentiment: None Disclosure: Held