"Premier Colin Barnett claims the State Government holds the right to buy the intellectual property behind the Oakajee port and rail development if the multi-billion-dollar project falls over."
I'd say at this stage PDY's IP is "Plan C" due to Oakajee Port & Rail's research conducted thus far being substantially superior to Yilgarns/PDY's, which is now approximately 3 years old. The economic environment has changed a lot since the GFC of 2007 when Yilgarn lost the bid. Price of commodities, less liquidity (cautious investing), etc...
I still believe it's a good investment on PDY's behalf.
PDY Price at posting:
2.7¢ Sentiment: LT Buy Disclosure: Held
