PDY
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0.00% 0.7¢ padbury mining limited

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  1. practisingaccountant
    9,543 Posts.
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    27/01/11
    11:40
    Post #: 7795963
    Bigredroo,

    The huge spike on Tuesday was because of hot money. Some buys went through at 3c, so someone wrongly guessed big news (big news=JORC) was coming out Thursday so they went in big. News actually was of Yilgarn IP acquisition. So yes there was news in the pipeline but it was the "wrong" news, important but "wrong". Wrong news so hot money flows out again.

    Back to 2s now.
    PDY Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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