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Paramax Resources Ltd V.PXM



TSXV:PXM - Post by User

Comment by StockBadBoyon Aug 06, 2010 8:07am
318 Views
Post# 17327313

RE: RE: Was Tuesday's news not great

RE: RE: Was Tuesday's news not greatI agree, they need to keep drilling. They have a lot of wells to be drilled, with hopefully each well adding to the reserve numbers. Already they are generating cash flow which is a very, very good thing for a junior. With the last private placement at
.50, there hasn't been much selling which indicates to me that the stock is tightly held. The price has consolidated nicely below here and I suspect with each successful well there will be buyers around as they understand more that this has the potential to be a serious play. But time will tell, they should have spudded yesterday, and with only a few days to reach target, I suspect the price in the stock will tell the story to investors.
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