PDY (ASX) Ann: Sale of Yogi to Padbury Terminated

Originally posted by jskf ↑

Simple question, was the following true or false ? -

" 100% equity funding secured to construct port and rail at Oakajee"
"Padbury Mining (ASXDY) is pleased to announce that it has secured the funding necessary to construct a $6 billion deep water port and associated rail network at Oakajee. This is a major break through for the company and the region. The funding is to be provided by private Australian equity investors and is contained within an executed Shareholders Agreement between the parties. The funding will be provided in three tranches:
1. First tranche – US$470 million
2. Second tranche – US$3,450 million
3. Third tranche – US$2,550 million."

If I had traded based on that information released to the market in good faith and expected it to be in full compliance of the disclosure rules, then considering what transpired, Id be pi$$ed too!!!

Also as you seem to consider yourself a stickler for detail please re-read the following -
"Whether day trading or long term trading in any entity, any trader has the right to expect that his decision is based on the presentation of the facts and upon disclosures which comply with the applicable rules, not lies, fabrications, or misinformation."
This is a generalised statement with no inference whatsoever as you have suggested.

The irony to this I'm on YOUR SIDE, The long suffering shareholder!!!!
Don't miss the forrest for the trees!!!
I have no issue with you, and I do not like seeing shareholders lose money for these sorts of "questionable" reasons.

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I lost dough when Babcock & Brown went under. There were rumours, but they put out an announcement confirming profit guidance, which calmed a lot of people down, including me, but which turned out to be totally false.

I think the bloke running the show at the time Phil somebody has still never been brought to task over that.

It isn't right but it seems to happen every now and then. Nothing can be done about it. Take the hit and move on, otherwise it'll just cut you up and nothing will change anyway.