The only and I mean only way in which the bidders can get...

The only and I mean only way in which the bidders can get control of PDY is to Buy it. So bloody simple

How much have they spent on legals, letters to shareholders, corporate advisors. Come on if they were really serious about this, they'd make a commercially sensible offer say (circa 4-5c) and see what comes out. Alternatively they could just buy on market like the rest of us.

However, and I mean a big however, if the offer was above 4c and if the options are in the money (deep) they'll get excercised and Fe would be diluted to the shlit..Great insurance policy for us from the oppy holders, albeit at a cost.

This is probably why they are low balling. They have no commercial choice.

The real value (+ ot -) from this company will be unlocked when the results are released. So until we have completed the current program it is all pi$$ing uphill against the wind.

Let the banter continue, results speak louder than the stupid games that are going on now.

Anyway back to the golf course. Love the market closing at 1pm...