Its odd PDY haven't announced the Yogi deal yet, prefering to go into suspension.
As for the "something's afoot" comments.... they're talking about acquiring a tenement with banded iron formation running at less than 28% Fe. There's a tens of trillions of tonnes of such material in the Pilbara with rail access going straight past it. The Mid West magnetite dream is over and someone needs to tell Padbury to come back in 20 years time.
Somewhere in China the merkin-knitters are busy knitting Christmas merkins so Padbury's petty cash can eek out salaries for 2015. "Who will buy my beautiful merkins..." (from Oliver Twist, don't you know).
PDY Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held