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Bullboard - Stock Discussion Forum Paramax Resources Ltd V.PXM

TSXV:PXM - Post Discussion

Paramax Resources Ltd > Is Bridge Resources bankrupt?
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Post by honeyhole0 on Dec 06, 2010 1:02pm

Is Bridge Resources bankrupt?

Is this the reason we are tanking after one bad well??? Our partner in financial trouble...

I see this as an opportunity for PXM to buy some good assets cheap??


https://www.reuters.com/article/idUSSGE6B50LA20101206?feedType=RSS&feedName=rbssEnergyNews&rpc=43


Honeyhole
Comment by MartinG on Dec 06, 2010 1:21pm
A lot of speculation but I guess this was caused the initial drop today.I talked to Mike Smith this weekende and got some good information that I want to share.Below clearly states that Paramax has the funds to get below things done, so this thing with bridge just might be something very good for us. We might be able to buy their 50% really cheap!!!Our next operational steps are as follows:1 ...more  
Comment by chokehold on Dec 07, 2010 2:41pm
I hear Mike Smith is a credible guy. if he is telling us he is going to do something, then rest assured he will follow through. I also understand that he has a ton of support from major investors both back east and here in Calgary who will support him through executing the following:1) Stimulation program to boost deliverability (permits obtained last Monday)2) Drill and compete well in ...more  
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