PDY 0.00% 0.7¢ padbury mining limited

Ann: Quarterly Cashflow Report-PDY.AX, page-2

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    Also interesting that they are receiving funds from -

    1.7 Refund from insurance claims - $21k

    This would, one can only assume, be legal costs they have incurred, potentially refunds by their D&O insurer, who appears to be Allianz. If this is indeed the case, this would only imply that Allianz have agreed to pay some legal costs, but they may well have reserved their rights to provide full indemnity under the policy until more is revealed in the litigation....

    Only time will tell....
    Last edited by macssharesforfun: 30/04/16
 
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