PDY padbury mining limited
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  1. practisingaccountant
    9,544 Posts.
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    28/04/11
    13:11
    Post #: 8322909
    Spot on Furniture.

    Think the market didn't like the news.

    It was expecting a CR at 2c with free options but instead we got a proposed placement at 3.3c with an option to buy to upto 5c. Had we gotten a CR at 2c, this probably would be trading at 3c. Bizarre.

    JPR got a cornerstone investor at sub 3c and now is trading at 6.7c. PNA got a cornerstone investor at 39c quite a few months ago and now trading at 80c. There are some misfires too though. KZL got a cornerstone investor at 60c but now trading at 61.5c due to what I can only guess are operational reasons.

    There is potential that Taifeng would be able to help with offtake and other logistics too.
    PDY Price at posting: 2.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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