Select to expand quoteEB said..
He He, this one sucks them in every time. Purely to make a profit at the stock exchange.
When the "new secret investor" is mentioned this is always a high probability. Highly unlikely that a small co. with very low level capitalisation could carry through this through.
Would almost have to be an OS investor & the project is worth more than the co. so ownership regulations would be in question.
Dont go selling your gear just yet.
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!!
There is discussion and reports that a mob called Alliance Super Holdings are supposed to be funding Padbury. Claim to be representing global PE investors. Sounds dodgy. Formed in 2013, only reported deal was a failed JV with a Kal iron ore junior. They offered 80% of the required equity (some $260mill) in retrun for 50% of the profits. (Dum or what).. The deal fell apart when the junior didnt lodge their 20% into the shared account on time. If they had put their $50 mill in, I really wonder what would have happened to it.
Anyway it will be interesting to see what comes up on thursday! I think Oakagee is available for kites, sails and surf for a while yet!
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).
Select to expand quoteUnderoath said..
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).
Couldn't agree more mate. IF Padbury pull this off (without the Chinese or the State Government's involvement) it will be UNPRECEDENTED in Australian capital raising history.
If it doesn't happen and no one goes to jail, then we will be assured that our regulatory system is fully broken.
As expected:
www.smh.com.au/business/companies/padbury-keeps-oakajee-backer-a-mystery-20140417-36t2y.html
[YAWN...]
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.
Select to expand quotewestozwind 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?
Padbury Mining has extended its ASX voluntary suspension. Says ASX & ASIC have asked for Oakajee deal documents.
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
The guy is an absolute crook.
These types of scumbags pop up all the time.
It is so easy to sell 'hope' to your average punter, humans are wired to want to believe this crap, that's how religions exist!
Some others:
-Carbon credit scams with macquarie bank where you make money by planting trees.
-Sandalwood managed investment schemes where the yield per acre quoted is more realistic from 100 acres.
-Biofuel scams growing sorghum to produce gas and make huge profits.
-Kite pumps set at $60 standard price across all shops in a city....
etc.
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 couldn't see it opening any time soon.
I hope no mum and dad investors here got burnt.
Who's going to want to purchase this stock anyway?
Probably have 500 sellers at 3 cents and 5 buyers at 0.000001 cents.
People need to go to jail over this. It brings disgrace to the ASX and ASIC.
I hope anyone and everyone who invested for the destruction of Oakajee for the sake of money got burnt
I wonder if a number of put positions were loaded on by the investors as she opened again for trading...
Select to expand quoteeppo 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.
True, their wouldn't be a market to find an option buyer for such sh1t stock. Does anybody know what going to happen to this skylarking wanker?
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"
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