Money is their problem.Only have $483K left (according to last...

Money is their problem.

Only have $483K left (according to last cashflow report 29/7/09 )

Next quarter expeniture is estimated at $270K.Only leaves $213K, ASX rules I'm sure would kick in if they get that low.

PDN now own 17% very close to T/O territory.

While drilling was good the lack of money is the BIG problem.

They need to raise cash and dilute PDN at the same time, maybe a SPP or placement is what's going to happen.

Only guessing, cus the lower the SP drops the harder it is to raise CASH. IMHO