You cant please everyone. There are pros and cons to every listed ASX company and PDI is no exception. PDI is a slow unfolding story that has its roots firmly embedded in some of the richest gold bearing locations in the world with a host of tenements in the main 3 countries. Its smart thinking to go in a snap up these leases after doing their DD of the areas they have taken up. If this is not done now then in time they will be unavailable and PDI misses out on strategic gold bearing land.
Sure it takes time and money to develope these leases and every explorer goes through this trough. Where would we be NOW if by the method PDI uses to attain its holdings of the leases if they did not do DD they way they do it and has proven most successfully on attaing BOUNDIALI and FERK Nth deposits that HAVE PROVEN RESULTS and great POTENTIAL to becoming a mine. RESOLUTE evaluated the WORTH of these 2 leases on their buyout of TORO on RESULTS so far attained. RESULTS are so good that within 4mths of the buyout of TORO, RESOLUTE are committing themselves to a $AU2-3M drilling program This speaks volumes for the WORTH of these 2 leases and also PDIs method for DD before committing themselves for lease applications.
Without CRs or highlevel placements PDI and any other company cannot move forward for exploration and on PROVEN RESULTS that show great potential for a possible mine ans ATTRACT progressive TIER 1 JV partners to do the hard yards and BIG EXPENDITURE needed albeit for the company to have a lesser stake in that lease. Hey, still holding 25-30 of a mine is nothing to sneeze at at the end of the day for a small outlay.
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Mkt cap ! $622.9M |
Open | High | Low | Value | Volume |
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5 | 333925 | 0.255 |
4 | 111500 | 0.250 |
1 | 250000 | 0.245 |
8 | 747665 | 0.240 |
Price($) | Vol. | No. |
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0.265 | 200000 | 1 |
0.270 | 40000 | 1 |
0.275 | 310900 | 2 |
0.280 | 403212 | 4 |
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