Paramax Resources Ltd V.PXM

Still prefer PXM to BUK...

[Toasted2]

In spite of BUK's additional assets, they have a lot of debt and a significantly larger number of shares outstanding...If/when drilling confirms the magnitude of the resource...I suspect that Paramax will be trading at a premium to BUK as opposed to the 9 cent discount...

T2

[StockBadBoy]

Oustanding shares is certainly part of the equation, as well as debt, but the reason I like PXM as apposed to BUK (and don't get me wrong, BUK is an excellent play also), is that PXM is solely focussed on this area and their attention and capital (money) is not spread between multiple plays, thus I am hoping that PXM will eventually trade at a premium, especially if they can bring the lion'

[Bigbadoil]

You maybe right but BUK is selling its N. Sea assets and when that is done (fall maybe?), they will be Debt free with some cash left over. Also they are farming out  a 180mmbbl Oil prospect (in the North sea) and hoping to be carried through drilling.If all this goes through, its still good for PXM as they will have an eager and debt free Operator!All good for idaho.Bigbadun'