PDY 0.00% 0.7¢ padbury mining limited

If you were enthusiastic about this dog you should consider...

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  1. 4,593 Posts.
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    If you were enthusiastic about this dog you should consider going for counselling. And you certainly should not be allowed to manage your own finances.
    Christmas is coming and I fear there will not be much in the shareholders stockings.
    Bread and dripping this year and Santa will probably steal the stockings.

    But in all seriousness (difficult though it is to be serious about this stock), there has to be a chance of something positive happening. SP stubbornly refuses to die. Why? I just do not get it. Its like a beast that has been hammered with a baseball bat but it keeps coming back for more.

    It vaguely reminds me of an investment I once had in Babcock and Brown (a mini Maquarie wannabe) BNB (RIP). I held on grimly until the bitter end (its gotta turn around).... and eventually lost 100%.

    So, back to PDY. There has to be a reason why the SP stays buoyant. Would the Chinese maybe buy it at a bargain basement price and just sit on it for a while. Could that be it. Would FIRB allow it?

    What a strange beast PDY is.
 
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Currently unlisted public company.

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