RE: PDACI was at PDAC and stopped by the Canaco booth. To start off, I will say if Mrs Ike finds out how good looking Meg is, she will probably put a stop to Ike's calls to head office. Talking to Nick, there is no news until the PP closes. I asked about the spin out and he said that it should be soon and they are including the new shareholders, a visitor standing close by asked, why do a spin out? and Nicks response was to reward the shareholders. This was good to hear. I think the Ethipian property will be huge for shareholders.
I also got to talk to Andrew Lee Smith. I thanked him for increasing shareholder value and he said he appreciated the support of retail, especially when the share price was .40. To put it into perspective, they just raised 100+ million from institutions and still appreciate retail, this together with Nicks statement is great to hear from a venture exchange (hopefully soon to be TSX) listed company.
It sounded like they will focus on the high grade areas, IMHO this should provide some good NR's in the near future.