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Paramax Resources Ltd V.PXM



TSXV:PXM - Post by User

Comment by StockBadBoyon Aug 25, 2010 8:57am
238 Views
Post# 17381011

RE: RE: RE: RE: I'm surprised

RE: RE: RE: RE: I'm surprisedCertainly a surprise to see this much selling, but at least someone is buying it. However, the big overall problem is that gas is basically at an all-time low, and oil is dropping due to lack of demand. All of this speaks to another downturn in the economy, housing prices tanking, and basically everything pointing downward. BUT, I think PXM is yet to reach its true value if they can put in the next 10 wells. This is a defining moment over the next 2 months for PXM, otherwise if they fail, the price is surely heading lower and along with it a very low probability of recovering. Let's hope the drill is hitting, we are going to need it.
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