IMHO sentiments for PAX little changed since Salamander.
The issues remain technical/engineering, with potential problems unresolved to where investors recover confidence.
OK the Indonesian projects may have adequate temperatures present, issue remains will they achieve production or face similar problems ?
Salamander, GDY=Innaminka, and other Australian projects are still to demonstrate their technical problems resolved.
IF resolved each of the technical/engineering problems experienced, then each require clear explanations for investors.
Until previous technical problems shown to be resolved they shall continue to infect investment sentiments.
Even with Habanero 4 successfully drilled, GDY producing further modelling will IMHO not be sufficient to bring confidence back.
Essential is long term production starting.
Enough stable power into Innaminka for several months will IMHO satisfy the market.
PAX needs Salamander, though just one Indonesian project generating power and earning per KWH income in Indonesian market may be enough to start confidence climbing again.
Hold, even this down in value, just enough to keep an eye on it, with losses carried forward...
PAX Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
