PDY 0.00% 0.7¢ padbury mining limited

Forgot to mention.You've got to understand the objective of any...

  1. 10,824 Posts.
    Forgot to mention.

    You've got to understand the objective of any company director anywhere is to pay themselves as much as they can get away with from the corporate piggybank. So with Padbury you are unlikely to see corporate belt-tightening.

    Once they've got your money in the corporate accounts it belongs to the company but its there's to spend. That's why if you hear "I'm going to China..." the first thing you should ask is why and what's the likely outcome. For a company in Padbury's position and with their assets going to China seems like a total waste of money since they have nothing to sell or promote that's within 10% of what the Chinese already own in WA - which in itself is pretty crappy.
 
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