The real value lies in the fact that aussie geothermal investors have been burnt and burnt hard!!! Those that are still invested are just sitting and waiting unwilling to part with much more of their hard earned, those that bailed can be found rocking back and forth in the fetal position murmuring something about what should have been. BUTTTTTT......
This next chapter for PAX has nothing to do with this great "green" land of ours, its all about possibly the hottest bit of real estate on the geothermal radar, Indonesia, where the government actually does give a fig and is pushing the merits and benifits associated with geothermal energy.
Im watching this one with great interest as over the years i have had coin invested in PAX, GDY, PTR, KEN. Unfortunatly, due to the curve ball life can sometimes throw your way, i dont have the funds to invest at all, but if i did i would certainly be looking at PAX, i would love nothing more than to see this one fly on the back of some good news, it would be energising for the entire aussie geothermal sector. I just want to see a success story bcoz im a firm believer in the LT benefits of geothermal. I just want to see it work!!!!
Dont listen too much to those "warning" about this taking years, yes it will, but geothermal investment aint no daytrade or short term investment, those that invest early and have a whole lot of patience will finally be very well rewarded in my opinion.
DYOR its only my uneducated guesstimation :-P
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