interesting strategy...., page-4

Ajax00 said

"Which is basically where PDY is, and coming off its current SP represents very good value."

Ajax it also mentioned if the companies can be around for when times get better.

"You just have to make sure the company that owns the rights to the mineral or energy resources is a going concern and can stay that way through a long drought."

At the current cash burn rate PDY will probably have enough cash for the next 6 or 7 months at best and then will need to raise more money. At what price will this happen 1c? or a discount to the market?

So it PDY cheap or will it get cheaper?

Remebr the long drought the company needs to get through and the Chinese will be in no rush when the rail is 4 years away. Sino just month balled their project and sacked all their staff doesnt that say something?