Paramax Resources Ltd V.PXM

CASH

[JETS7]

They will issue shares the same way that BUK will. The only difference in the two co. is that as of right now PXM has a pretty clean balance sheet, They in my imo are in better shape then BUK and could be in the head lites of a take out. I'm not to worried about PXM, it is usually the co that has the most to lose that reports the most, besides there are a lot of investors that are trying to get there money back from BUK, so in that case follow the stock very close.

[SCORPION17]

Disagree, a company with reserves trading at only pennies? IMO poor management, they should have raised money earlier this year at a much better SP. They would have known that to bring the wells on line was going to cost millions more and in their presentations were supposed to do that later this year. 2011 was a complete bust IMO.

[JETS7]

Yes i agree in that they may or should of raised cash before, but they did not need it and i think now the need cash. Lets hope that they know what they are doing. All i want them to do is raise there share price to a certain level, myself im just a percentage trader and do not look for thje home runs, usually have 4-5 stocks on the go were i buy in and sit and wait for small percentage moves. gla