Last 12 mnoths has seen some peripheral issues playing into PDY and greater Mid-West interests.
One recurring theme is horrid pollution in China with both air and soil quality caused by domestic manufacturing and mining. Its created social unrest with govt doing things like closing down heavy polluting steel mills and polluting mines.
Don't underestimate this as an issue in terms of china's planning of its industrial development. My opinion is China will increasingly "outsource" these industrial activities to other nations (total role reversal of china's previous role as factory to the rest of the world). As the old saying goes everyone wants an airport....just not in their own backyard
MY opinion only
PDY Price at posting:
0.7¢ Sentiment: None Disclosure: Held
