Announcement from PDZ updating the market regarding Jan Karski Mine from August. " The Bankable Feasibility Study being prepared by China Coal for the development of the Jan Karski mine is now due for completion in September 2017. This follows extensive meetings in Poland during the last month between Prairie, its strategic partner China Coal and Polish government officials."
From the Annual report that came out last week. "Since then China Coal has made substantial progress on the Bankable Feasibility Study (“BFS”). Continued discussions were held with Chinese financing institutions which will progress further with completion of the BFS expected in the coming months."
From this we could conclude there has been a significant delay with the BFS for Jan Karski. Hoping the share price doesn't take too much of a hit while we wait for an update. Extremely low volume being traded here in the last two weeks make me very worried.... or maybe they're trying to weed out the weakest holders to pick up shares for cheap!
Cheers. DYOR
PDZ Price at posting:
60.0¢ Sentiment: Hold Disclosure: Held