"With 1.4m in the bank as at 3 Dec 2010, there bound to be a CR soon. So what will it be - placement to SI's, rights issue, cornerstone investor? What's the likely price?
And could they be holding off on the JORC to release it together with the capital raising?"
Rather than second guessing, why don't you call them on the telephone? How about Monday morning, 09:00 Perth time?
Please post here what you have learnt first-hand from that phone call.
PDY Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held