Yeah this "No holders want to buy in low" is such a useless statement. Some people just like to air their thoughts and wish holders no losses and all gains regardless.
I don't hold. Just want to propose some questions for answers.
As stated, why stump up 6 billion and give 36% of it away if you could fund the whole project AND buy PDY for a little more?
Directors don't wake up knowingly wanting to dupe the ASX. Unless they are duped themselves.
What was the turn over on Friday? How much of the registry? If it was lots then I'd cast a critical eye.
What are PDY's tenements like? High level deposits?
At the least the Ann. was of pathetic quality and shouldn't have been published at all. Investors want facts not mystery.
We'll all find out tomorrow.
PDY Price at posting:
3.3¢ Sentiment: Hold Disclosure: Not Held
