Of course they do. If it was misinformation, or a lack there of this morning, the ASX would finally put the skids under them, and tell them to call a trading halt.
Very serious question to all the people holding on to a dream, and to new investors.
If PDY got the I.P. for $2mill, and it was worth $50mill, why does it cost, aside from a few bucks for civil works, another $470mill.
Why give PDY 36% $2.16billion instead of just doing it on their own?
Sounds very dodgy to me, but what would I know.
At the end of the day, they are going to GIVE PDY $2.16bill. for something they have to fork out over $400mill for in any case?
Don't think so. By my calculations PDYs I.P. is worth minus $472 mill. or maybe even minus $2,162,000,000.
The old pea and thimble trick, taken to its highest level.
If I'm wrong, and any of you do make any money out of this shambles, congratulations, and my best wishes to you.
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