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PDI on Perseus Radar?, page-12

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jaypol

4,067 Posts.

198

23/03/24

15:22

Post #: 73026380
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Originally posted by coto: ↑

Journo's are never right. We learnt that very well during Covid, Ukraine and Gaza conflicts. They rarely state anything factual so I will never rely on any journalist for any of my investment decisions. Yes, management teams can also get timing wrong and see their timelines slip up as we recently saw with the PFS delay until mid-April. However, a few weeks delay is a lot different to 6 months.

As I have said many times before, I highly doubt any company, even those with endless funds available for M&A will be seriously looking at PDI until the buffer zone and exploitation permit specifics are ironed out. Too much risk for any well established company. No investor of any large cap gold producer would agree to an acquisition with that issue hanging over their head. The market understands this too, hence why we are a 20c stock with a soon to be 6moz plus gold resource. If this was in Australia with no environmental hurdles like a DEG then we would be an 80c-$1.20 stock right now IMO.

This is why I believe the buffer zone issue has been a blessing in disguise as it has prevented any vultures coming in for a low ball takeover before we can see our true value discovered.

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PDI Price at posting: 22.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 18.0¢		Change 0.000(0.00%)		Mkt cap ! $423.1M

Open	High	Low	Value	Volume
18.5¢	18.5¢	18.0¢	$82.83K	453.3K

Buyers (Bids)

No.	Vol.	Price($)
6	152457	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	389497	22

View Market Depth

No.	Vol.	Price($)
6	157097	0.180
10	644304	0.175
7	608842	0.170
6	771300	0.165
13	1073379	0.160

Price($)	Vol.	No.
0.185	389497	22
0.190	152591	11
0.195	204715	9
0.200	324882	11
0.205	440312	9

Last trade - 12.53pm 01/08/2024 (20 minute delay)

PDI (ASX) Chart