I'm not sure, but I wouldn't think it has anything to do with PDY.
I agree, mojo, that this iron ore story will turn out much different than the gold. There is so much supporting evidence, re: other major companies (known for their success) prepared to spend their dollars on drilling; the maps (produced by vautex) indicate the presence of ore; and, as you "say" the presence of sophisticated investors who apparently were instrumental to driving the share price up to its recent high of 3.8c
There appears to be games being played at the moment with close buy and sell bids, and "blockers" in the market depth. I'm not sure what their game is, but I s'pose we'll find out soon enough. It won't be long before we'll see new highs.
But, vautex is right: the current situation is reminiscent of the former gold scenario in the GPN days.
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