Ann: Consolidation/Split - PDN, page-33

Very light volumes as the market adjusts. Don't look at share price too much over next few days. Once this sorts itself out we will start trading higher. Main reason was that when US institutional investors were looking at the stock at $1.50 it gave the perception the company was a small penny mining stock and it put them off. Even though PDN has a very solid market cap. This will help change that perception and hopefully draw more international institutional investors into the stock which is very important for this size company to keep their market value moving up. A great run over past 6 months and the fundamentals are further strengthening so I expect another leg up towards $16.50 ($1.65) soon.