Paramax Resources Ltd V.PXM

Was Tuesday's news not great

[massEntropy]

?

[raybay_98]

Ho hum at best. Sell the news, buy the rumour. Will likely jump if the next well is 'gaseous' which the market may be waiting for to see if this basin is for 'real'. Next few weeks will be closely watched. Time will tell.

[StockBadBoy]

I 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