ShareCafe Posted October 22, 2012 Share Posted October 22, 2012 Created by request - PREDICTIVE DISCOVERY LIMITED (PDI) Regards, ShareScene.com Link to comment Share on other sites More sharing options...
melua Posted October 22, 2012 Share Posted October 22, 2012 Anyone following? Link to comment Share on other sites More sharing options...
ManBearBull Posted October 22, 2012 Share Posted October 22, 2012 On my radar recently. Waiting to see how the CR plays out. Could be a good year. Link to comment Share on other sites More sharing options...
melua Posted October 22, 2012 Share Posted October 22, 2012 Yes I reckon it could be a very good year.....2013. Cap raising looks to be the shortfall in the rights issue that wasn't underwritten. Looks like the shortfall was around $2M. Link to comment Share on other sites More sharing options...
melua Posted October 22, 2012 Share Posted October 22, 2012 They were supposed to announce something this morning according to the trading halt request. Tough market to be raising capital in. If it were me, I'd be offering 3c per share, take it or leave it. Link to comment Share on other sites More sharing options...
ManBearBull Posted October 22, 2012 Share Posted October 22, 2012 Their drilling results look decent enough, it's just a matter of funding. I'm holding out for a 3c buy in myself, but not sure I'll get it. A handsome looking JORC resource statement early next year should make it a fun year if I can get it at that price. Link to comment Share on other sites More sharing options...
melua Posted October 22, 2012 Share Posted October 22, 2012 Drilling results to date are "ok" in my opinion but nothing to get the market excited. Link to comment Share on other sites More sharing options...
ManBearBull Posted October 23, 2012 Share Posted October 23, 2012 I say decent enough as in commerical. A number of fields close to each other, and nothing that I can see that would make this a difficult mining operation. They'll set up a central hub for their operations, and are close to existing infrastructure. There could be more to come with high grade samples and potential for these veins to run quite deep. And they seem to have a good handle on the Predictore technology. Looks like a voluntary suspension until the 29th at the latest. Will be interesting to see what the opening bids will be. I like these companies with relatively low share bases. Link to comment Share on other sites More sharing options...
melua Posted October 23, 2012 Share Posted October 23, 2012 Yeah if they can come up with a 1M+ ounce JORC next year (at shallow depths) that would justify a resource value of at least $50/ounce or $50M. Probably more. Market cap right now is tiny. $7M. The stock is totally unwanted, unloved, not marketed. It has the hallmarks of being at rock bottom prices. Link to comment Share on other sites More sharing options...
melua Posted October 25, 2012 Share Posted October 25, 2012 Should be trading again Monday. Link to comment Share on other sites More sharing options...
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