PDY 0.00% 0.7¢ padbury mining limited

big article in the west - business pages today, page-11

  1. 1,658 Posts.
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    DVE - I tried to find it also but no success - so here's the guts of it.

    "Padbury plan may yet get it a slice of Oakajee action" p35

    .shaping up as curious beast in MidWest
    .got IO all things going to plan, so who 2.9c valuing at $46m
    .announced maiden inferred resource for Peak Hill - [email protected]% iron - modest at best, they point out potential for beneficiation
    .how are they going to get it to the mkt? PH about 150km ne Jack Hills.
    .PDY is in throes of acquiring intellect. prop of Yilgarn Infrastructure (a one time rival Murchison rival in contest of rights to dev Oakajee port and rail network) which it lost and been dormant.
    .has to get s/h approval, $2.25m deal should be waved thru.
    .if the IP is advanced could be a threat to Murchison own development plan (who may have to end up calling on Chinese backed Mid West miners farm in deal)
    .the Yilgarn IP that they are trying to buy was designed with help of those same MW miners.

    So I suppose its a matter of watch this space - hope that summary is logical.


 
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