PDY 0.00% 0.7¢ padbury mining limited

Based on assets (cash, iron ore resource, and intellectual...

  1. 10,824 Posts.
    Based on assets (cash, iron ore resource, and intellectual property) its hard to see why something which is little more than a shelf company like PDY has a market cap of $16.86 million. I could justify $1.686 but it seems 10x overvalued to me.
 
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Currently unlisted public company.

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