PAX 0.00% 1.2¢ panax geothermal limited

would be nice to hear some news!, page-2

  1. 1,192 Posts.
    Minutesen

    In the absence of any news I can't see a lift in price even with the carbon tax only 6 weeks away renewable stocks are languishing.

    I think the market has already priced in a Liberal Government which will last at least 2 terms and will not support renewables, I also have a holding in Infigen and have also lost 50% of my money there.
    We need some good news soon as Panax will run out of funds before the end of the year.
    Molten was a fizzer and nearly 3 months on still no funding from anywhere.

    I am at a loss what to do whether to take a 60% loss now or a 100% loss in the future.

    I am holding on until the end of the financial year but if there is no funding by then I expect to take a 75% loss.

    It's a shame as our Indonesian projects look great and I can't understand why Investors can't see that.
 
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