GREY:STACF - Post by User
Comment by
JoeBloon Apr 04, 2007 11:43am
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Post# 12546729
RE: Tradergod
RE: TradergodWith a share price of $.55 to $.60 what options does PAX have moving forward? Virtually none at this point. That's Dr. Paper's legacy. With the limited funds they have, they are going to do some more drilling (i.e., stalling for time) and hope that zinc prices go up and the momentum of the market will lift PAX to higher valuations - and make the company more attractive as a takeover or as a merger. Another year down the drain. The funds will be used up, nothing will happen, and they will have to issue more paper to repeat once again the nothingness of 2007. On the other hand, if the share price was $20 per share, what would PAX's options be? They would not have to waste any more time drilling and would be in a position to finance the development of a mine themselves - starting the process this year instead of hoping for some remote event to "save them". And they would not have to face massive dilution doing so. To me, this is very simple. I believe even a young child can understand this. Yet PAX cannot.