Nice one, there is a possibility that the missing information will include info stating, the private investor will fund the full estimated $6b for infrastructure, giving PDY 36% instant share which can be used as leverage initially reducing the need for future capital raising and borrowing cash. Whats the catch?
It will be interesting to see how they use the 36% share, will they sell a share of it down to other potential miners in the area sharing profits down the track to fund their own mine infrastructure & development, can they do that?, Do they use it as leverage and repay the "mystery investor" once ore is being exported. Or is it quite simply a bloody fantastic deal being gifted. A 36% share of infrastructure costing billions. Maybe the private investor is Clive Palmer who loves playing father christmas more so than ever since his run at government. He would get my vote if that was the case.
Or Maybe they jumped the Korean border and convinced the honourable Kim Jong Un to cough up 6b which would explain why he should stay anonymous . Who knows but I do have faith in management to sort this out and continue to bring value to PDY.
I was tempted to sell in the high 4's today making a lovely profit but opted to continue holding. Simply because we have far more upside potential. Regardless of the sell down to 3.3 it was a good day even though i watched it drop by almost 50k from its high.
PDY Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
