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Paramax Resources Ltd V.PXM



TSXV:PXM - Post by User

Comment by MustangMatton Apr 24, 2011 12:58pm
268 Views
Post# 18479743

RE: RE: BUK vs. PXM

RE: RE: BUK vs. PXMI was looking at the debt Buk has, PXM says they have no debt and 500,000 in cash.  I e-mailed the company the other day to see if they had any news about how they are going to pay capex for the rest of 2011 and 2012.  My thought is if Paramax wants to drill this year they will need to raise cash, Buk has debt, however, they have cash from the North sea sale deal.  I am leaning more too PXM because of they have a better balance sheet and no debt as of yet, other thoughts are welcome cheers
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