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Paramax Resources Ltd V.PXM



TSXV:PXM - Post by User

Comment by StockBadBoyon Aug 31, 2010 8:21am
287 Views
Post# 17398550

RE: News today or tomorrow....

RE: News today or tomorrow....In the game of penny stocks, one thing I have come to accept is that EVER schedule slides. The real trick is determining whether the slide in schedule is due to things out of their control, or if it has to do with a larger underlyihng problem which we are only going to find out about when it is too late. Hopefully everything is fine and we will find out in due course.

They released (filed) their MD&A yesterday, nothing new to report there. Everything appears to be on track with good success on all of their properties, so I suspect we will hear a field report soon. But remember, this is a production play unfolding with much drilling to go, this is only 2 wells of 5 to be drilled on this structure, and then 5 more this fall into a larger, higher pressure structure. AND, I suspect they are working on other projects which we will hear about in due course.
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