PAX panax geothermal limited
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bargain buy, page-9

  1. malmanu
    16,906 Posts.
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    20/05/10
    17:16
    Post #: 6717708
    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
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    lightbulb Created with Sketch.  Great analysis
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