who can we trust., page-5

What a load of crap from DYL management.

'DYL director Martin Kavanagh said the share raid came as a surprise and the companies would meet next week to discuss Paladin,s investment'.

They (PDN) have been sitting on the Top 20 with 15% of total issued shares for ages. An investment only? Why go to edge of takeover threshold? And DYL acquiring tenements adjacent to PDN's (next door). Is that just coincedence? What, this was their own strategy? r are they playing follow the leader.

And DYL issuing shares to third parties in consideration for land purchases with PDN and other majors later on acquiring those issued shares from the third parties. In what appears to be an arrangement set at the time of the original acquisition of tenements by DYL from the third party. Dual listing of both companies on Namibian exchange.

And suddenly Kavanagh suprised and does not know what is going on. Well Gillian Swaby as company secretary of PDN would know they were purchasing (she would be doing the paperwork). Is she not also a director of DYL? What are Kavanagh and her not talking. Can this be a conflict of interest? Which company will Gillian represent at the meeting? I hope she is acting for DYLers.

I would think only Kavanagh, McDonald and Pitts are the only management that could meet and 'independently' ask questions of PDN. The others are too close.

Such statements made by management show a complete lack of respect for shareholders knowledge and intelligence. PDN may not be the friendly you all expect in 'looking after long term DYL shareholders'.

This company (DYL) will not go it alone. It was never supposed to. Reserve resource for PDN only. IMO. As soon as interim JORC is out (why do we need an interim JORC - especially in this market anyway?) PDN will move. End of Sept. they say resource figures to be released. The timing of all these things - PDN excersising options, their latest purchases, low strike price options issued recently to directors, drilling results sent off to be measured for interim JORC - not waiting to December as management previously told us, information vaccum up until august and bot selling depressing price, dual listing on Namibia exchange (PDN and DYL).

Lets hope Areva or Cameco try to trump them.

Good luck too all in the uncertain future.

cheers.