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why isnt drill result?

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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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why isnt drill result?

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

Open	High	Low	Value	Volume
18.5¢	18.5¢	18.0¢	$46.98K	254.1K

Buyers (Bids)

No.	Vol.	Price($)
9	340277	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	358597	13

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No.	Vol.	Price($)
14	413751	0.180
7	467304	0.175
6	408842	0.170
5	571300	0.165
13	1073379	0.160

Price($)	Vol.	No.
0.185	297296	11
0.190	172218	11
0.195	204786	9
0.200	324422	10
0.205	440312	9

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