PDY padbury mining limited

opinion on mgmt actions in current climate?, page-14

  1. 12,562 Posts.
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    "Would still love an explanation on the next quarter and predicted exploration and evaluation costs of $400K'

    wouldnt surprise me if this expenditure is required to maintain the currency of the tenements.

    as for the rest, we have an orphaned resource. There seems to be enough for a profitable operation just no way to get it out to a buyer.

    they may have ip but they are still a minow. The value of the ip is not that significant when compared to the cost of the overall project. so its not as if they can throw their weight around based on the ip.

    the only advantage the ip has is it will potentially save some time if it is used. unfortunately as far as infrastructure goes, time is something they have plenty of, it doesnt seem to be going anywhere.

    i wouldnt like to see them getting into other projects at this stage
 
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