Really really....???? All i read here is lots of chest thumping and wild speculation.
Firstly, i think some need to get their comma's and decimal points in the rights spaces.......
Maybe even go back to the PDY trading days around the original Oakajee announcement for a bit of price action research.....
The ASX is littered with companies that have large cash balances with absolutely NO value attributed to that cash balance and their MC, so having $100mil in the bank, even an Aussie bank in this case, will be largely irrelevant to the market.
Regardless, lots of water still to flow under this bridge before we even get to RELISTING.
If and when the company DOES relist, it will have to rid itself of all the bad press it will inevitably receive... ie, 'haven't been trading for so long', 'history repeating itself', yahda, yahda, yahda...... Oh, and just wait for all the former PDY holders to post of HC.......!!!!!!
Then there will be Independent Expert reports, SH meetings and the inevitable consolidation of shares.......
Oh, and finally, Btw, have we received ANY news from Cameroon re the reestablishment of the agreement with Sundance?????
Whilst recent announcements are promising, they are just that - promising developments.
I reckon 'chill pills' all round until the fat lady sings.
GLTAH.
