Current PDI Activity, page-953

No doubt I'm gonna get accused for being a "downramper" but here's the reality of the situation..

NE Bankan is still an issue. I've always found it interesting when people say that because its a Tier 1, the govt must issue a permit without considering the alternative side of the coin.

Which is - because its Tier 1, PDI will have to accept the terms and conditions put forward by the govt otherwise they COULD be forced into handing back their exploration licence.

Not saying it will happen but if the Govt demanded 25% free carry plus a whole raft of other concessions to allow for the ban on mining to be overruled in the NP buffer zone, what do you think PDI management would do?

And how does the market view uncertainty?

And that's even beginning to think about the political situation or the potential legal hold ups that will occur from environmental activists once a permit is issued.

As I've always said, I believe PDI is a great story but there are still a few obstacles to be overcome before the SP reflects the true value of the project.

I'm happy to sit on my current PDI as a midterm investment - 2 to 3 years.