Ann: Update to Voluntary Suspension, page-6

... you could hear a pin drop couldn't you ...

Seriously. You've got Atlas Iron in the Pilbara losing $15/tonne shipping medium grade DSO from an established port. Whereas Padbury have virtually no DSO, just rock which is so low grade there's higher iron content rocks in waste dumps at every mine in the Pilbara. But somehow PDY will make money installing power stations, bene-plants, mine sites mine camps, rail, and port.

Mitsubishi has the WA State Government and Federal Government support for Oakagee Port and Rail Project, under who knows what exclusivity terms, conditions, and rights, with expenditure of approx $500 million on planning, geotech, approvals, and pre-works all ready completed. Whereas Padbury own a few planning files for a port and rail project that was comprehensively rejected in favour of the Government's prefered plan.

Padbury shareholders need to go into a Dome or a Cafissimo and smell the coffee.