Yeah taking the piss??, the exec director Alexander Burns...

Yeah taking the piss??, the exec director Alexander Burns dropped around $6million and purchases on market owning 22% of the shares yeah totally taking the piss with his investments.

or was the purchase of the mining concession of 7.9mill to get operating ASAP on aresource tat will be shortly JORC compliant hence the debt a really bad idea, so lets say they prove a 10million tonne at 10% best case scenario at current market prices on cash purchase of $1750 per tonne is around 1.7 billion lets say 60% mining costs that's still a $700million resource with a good strip ratio...

Only thing i can see is that they need cash within 4 months

"To assist in meeting contracted and planned exploration expenditure on the Gorno
project and Group operating costs, the Group will be required to raise additional funds in the next 4 months either by the sale of listed securities, asset sales or through new share issues."

But it also looks the the PDN shares are increasing nicely at the moment.