"1. The issue itself, was detrimental to the share price."
Are you serious?
So how much funds would PDY have right now if it wasn't for the last placement?
How much would you or sophisticated investors be prepared
to pay today?
People like yourself want a JORC but you're not prepared to risk your own funds and when someone else does fund it you have the audacity to criticise them.
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grizzlers, page-12
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