There are a lot of if this and if that but facts are it is 2.2/2.3 and battling to hold. The board have given this every thing (boardroom radio, more releases saying all that has been said before etc, etc..) The asset is good but the structure has had it if they sell to exercise at 1 cent then it is just a circle smoke and mirrors why? No one has the ready available funds to support this stock. A large insto multi national iron company needs to be on board and they need to shake those opi's free. most are in the hands of Jamora and Jalean anyway 520,000,000 and the piggybacks.
No insto would cop this structure. Needs a big cleanup the asset is great but the structure is absolutely ridiculously out of whack. Unbalanced and designed for two only.
For any thing like a real deal to be done a proper mining board needs to be there. Stokes seems to have the background but at the moment until the CCC Brian Burke issues are dealt with, he needs to stay well away. The company needs a Geo, and a public company operator with no history apart from positive.
PDY Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held
