I have read the posts re pdy with interest over the last couple of months (better than a book/entertaining and astonishing to say the least). I offer my opinion only (Yes I hold some shares but don't care what happens!)
Announcement - Incomplete/gave no detail and astonishing it went out (Co and ASX for allowing ...yes ASX imo should be held to account purely associated with allowing the lack of details to go thru given the amount specified (not many $6.5B deals in a year esp from a small cap - the game needs fixing)/If OK what was the reason to stop after the horse had bolted/what action has resulted?
how anyone could make an informed financial decision based on the ann detail (lack of) is beyond me - suggest greed, herd approach/rose coloured glasses/would be interesting to see who was selling on the day
Mgt - good/bad not sure but it obviously did not go to plan/interesting bedfellows involved in the initial plan/deal - SP response reflected the result
Co has, like it or not put this area/project on the map
Will Port/Rail go ahead - not sure... but if does not with the current breaks/emphasis on infrastructure..???
Legal Action / no idea regarding result/circumstances/each to their own/don't care
Is there area worth developing - I think so/If not what is the interest..Mining Co's/WA Gov/$
Posters - Obviously love/hate relationship with pdy or enjoy the art of fencing where the topic is eventually lost - some need move on/too many extremes
SP - Who has been buying since the return/ drop?... interesting (low level) amounts/huge total volume accumulation/give or take 30-60mil (species/gamblers) the rest who knows?
Future - Depends on trust, facts Co, Port/Rail, Backer/Gov, ASIC/legal result timing, whats in the ground worth digging up/time will tell
What's the SP worth - Market will determine
Just my opinion/DYOR
PDY Price at posting:
0.5¢ Sentiment: None Disclosure: Held
