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why isnt drill result?

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jaypol

3,982 Posts.

185

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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(20min delay)
Last 20.0¢		Change 0.000(0.00%)		Mkt cap ! $467.8M

Open	High	Low	Value	Volume
20.0¢	20.5¢	19.5¢	$558.9K	2.793M

Buyers (Bids)

No.	Vol.	Price($)
9	411642	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	302525	3

View Market Depth

No.	Vol.	Price($)
9	411642	0.195
15	758824	0.190
16	454609	0.185
12	990256	0.180
3	442000	0.175

Price($)	Vol.	No.
0.205	302525	3
0.210	652128	8
0.215	150000	1
0.220	262895	3
0.225	50000	1

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last 20.0¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
20.0¢	20.5¢		19.5¢	1504990
Last updated 15.59pm 13/05/2024 ?

PDI (ASX) Chart

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