Club Mulgoa

Tuesday, February 08, 2011

PDY

I saw an announcement today for AGU. It was excellent but I noted it is where PDY has its tenements. In fact, it is a JV. I bought PDY for nearology to HOR's recent Cu discovery. PDY's tenements enclose HOR's. But PDY is so cheap and it has already discovered Fe ore there. So it is a matter of discovering MORE. And it has obliged. I only intended to buy PDY for trading purposes. I will see how high it goes.

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