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Bullboard - Stock Discussion Forum Paramax Resources Ltd V.PXM

TSXV:PXM - Post Discussion

Paramax Resources Ltd > Where is the update we are past
View:
Post by massEntropy on May 19, 2010 4:08pm

Where is the update we are past

"several days" now, well past.
Comment by StockBadBoy on May 20, 2010 8:29am
MassEntropy. This company has been very quiet in terms of leaking any news, thus, it is unknown at this point whether the testing of well number 2 went as planned. It may have been just perfect timing, i.e. drill 4 successful wells, release successful volumes at well #1, raise the price, complete the financing, then the rest is what it is, maybe successful and maybe not. I guess we are all going ...more  
Comment by raybay_98 on May 20, 2010 8:47am
A PP completed in this market and the speed it was completed to me suggests the goods are there and the need to release news quickly has now dissipated. Going forward will be news of development and production and this will likely be at a slower pace.JMHO
Comment by StockBadBoy on May 20, 2010 8:52am
Raybay. I agree with you. This play is at least 6, 12 to 36 months in the making, those expecting something quick and dirty with your pockets lined with gold (or should I say gas and oil), they had better realign their thinking. This is a long run play in my opinion.
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