PDY
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0.00% 0.7¢ padbury mining limited

stokes breaks silence, page-22

  1. micky78
    2,892 Posts.
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    03/05/14
    12:35
    Post #: 13319893
    Parleycross, as I stated before

    200m shares traded on 11/4 avg price was 3.8c.

    Now it is 0.5c (avg), so 3.8c-0.5c = 3.3c loss (on avg) X 200m shares = $6.6m need to recover Plus legal cost... (my estimate $6-10m total)

    Director's insurance claim may have clauses eg announcements must be review by lawyer. So PDY's director insurance may not pay since Gary made that announcement on 11/4 "did NOT review by company's lawyer(s)" (according to media article).

    IMHO it is very dangerous to hold stock.

    On 11/4, most were daily traders not long term holders. I would not be surprised they already sold at massive losses, they don't care about current holders.

    Just IMHO.
    PDY Price at posting: 0.5¢ Sentiment: ST Sell Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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