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Paramax Resources Ltd V.PXM



TSXV:PXM - Post by User

Comment by 767piloton Jan 18, 2012 10:50pm
231 Views
Post# 19420121

RE: RE: RE: RE: Closing date Jan 12th

RE: RE: RE: RE: Closing date Jan 12th

I haven't spoken to management so I have no real information but if you look at the market you will see large offers stacked at 5 cents and above.

 

This leads me to guess they are only going to get $5 million from the sale which is roughly 4 cents a share therefore making 5 cent sales worthwhile.

 

Of course this large seller could be misinformed and anyone buying their shares could make money if the asset sales turn out better.....but in my experience large players tend to have better info than small players 

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