I would be more concerned being a Fwl Shareholder.. without the sale of Yogi, their future is looking grim. Medium quality IO on offer.. Ore value declining.. Minor miners going bust.. Padbury's offer falling through..
Fwl is asking 750k for Yogi.. which in this market Pdy would be stupid paying. In a month or two who knows where the IO price will be, Ferro will take anything that's offered.
Its all making too much sense to me.. Have literally had no news this whole year, with Padbury directors spending half the time in Asia..
The Chinese are after the low quality Ore and are ready to take advantage of Australia's mining crisis.. This is a certainty..
PDY Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
