from post 1 the money is supposed to be coming from ....

"an Australian private equity investor, the Korean government, with possible involvement of the Chinese government and others."

NB "and others" ????????
very suss announcement for sure.
Sounds like Clive Palmer is behind it. Give me better than even odds & I'd be prepared to put money on it.
Its EXACTLY how he has built his wealth since the mates & buddies days in QLD ended.
They shouldnt call him a 'miner' - he has never turned a clod of soil.
What he is now that he is not a trader in Real Estate (with lots of cosy connections) is a 'Mining Speculator'

Wouldnt mind 1% of his wealth though!!

Its worth pointing out most companies the size of PDY and with a resource as small and as low grade as PDY are having trouble raising funds to keep them in coffee and tea bags. To announce a $6.5 billion package is a bit like casually announcing you've discovered God while looking for a box of paper clips.

I just can't believe a CEO would choose to wake up one day and think. Today I'm going to bull**** the ASX and go to jail in the process.

One of two things will happen on Thursday (1) They will announce a $6.5 billion funding package (1% chance); (2) or they will reissue a suspension notice (99% chance).

As expected:

www.smh.com.au/business/companies/padbury-keeps-oakajee-backer-a-mystery-20140417-36t2y.html

[YAWN...]

westozwind said..

Yep, who would have thought that a guy who was fined for dodgy dealing with Brian Burke (Gary Stokes) could have made this up to boost his share price.
Sure all his mates made a killing on the share price before they went into a trading halt for not disclosing their investment source.

No? In Australia? Really?

Looks like everyone in Geraldton can put those For Sale signs on the Oakajee-dependent, get-rich investment properties back into storage (again).www.theage.com.au/business/padbury-funder-roland-bleyer-tells-of-bigshot-deals-and-kidnapping-20140421-370f0.html

Seems Mr Bleyer run a mob called "Superkite"

Maybe he's one of us?

DEAD.

www.abc.net.au/news/2014-04-30/padbury-mining-terminates-oakajee-deal/5422020

Looks like Coros will still be there for a while longer...

Anyone want to guess where the PDY share price will go when it comes out of the trading halt?

I hope anyone and everyone who invested for the destruction of Oakajee for the sake of money got burnt

eppo said..

I wonder if a number of put positions were loaded on by the investors as she opened again for trading...

If your talking post yesterdays announcement, I'd say none. Who's going to purchase the contract to buy PDY shares for 3 cents in a future date.

Once they run out of capital (6-12 month) it will be voluntary administration.

Here we go again...

"$1.4bn takeover offer for Aquila Resources"

"Chinese steel giant Baosteel and national railway operator Aurizon have teamed up to make an unsolicited takeover offer for iron ore company Aquila Resources, adding to the prospects the Anketell Port project in the Pilbara will proceed.

The takeover offer comes just two weeks after premier Colin Barnett returned from a trip to China, where he was told Baosteel was interested in taking over the Anketell project.

On the same trip, the premier was told that another Chinese giant, CITIC was looking to take charge of the Oakajee project in the Mid West.

Baosteel is already a shareholder in Aquila, and has held a nmber of discussions abou participating directtly in its West Pilbara iron ore project, which includes new mines, a new railway and a port development near Cape Lambert. More to come"

us2.campaign-archive.com/?u=e7df4892b4c61a2882404a34f&id=84ba5ab752&e=b295843993