The faster May goes the better, need to get the option issue out of the way. Plus we get closer to the illusive DTR results (important to verify the commerciability of the resource), the Chinese verdict and potentially more drill results.
Could not be a worse time for management looking to have a ride on the option gravy train. Had a quick look, have seen much worse terms with other small resource companies but still a 4.6% dilution if converted. A higher hurdle than 4c would be more satisfying.
Agree with you Slyyy1 and Bob81z, need the positive news to start flowing. Noticed the drop off on hot copper rants (including me) since management finally informed/updated the mkt. A good lesson for PDY.
One of the best facets of holding shares is their is often not a finish line - you can be patient, this is not the case with the options and it is going to hurt having a May expiry date. Good luck holders, especially the option holders.
PDY Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
