Padbury Mining is one of the strangest junior mining tales on record: a microcap that had secured funding for Oakajee

Padbury Mining is one of the strangest junior mining tales on record: a microcap that had secured funding for Oakajee? About $10 million of stock changed hands, with prices peaking at 5.2c, on the initial euphoria from the news. It was highly unusual to read of a speculative small cap securing a $6.9 billion funding deal. A few weeks later and this improbable sounding deal has mysteriously fallen through. Shares are now 90% below the peak, down at 0.5c. There may be some disgruntled shareholders looking for answers. The Australian reported: Mr Bleyer told The Australian last week he would find the money from a bank in the Cayman Islands. West Australian Premier Colin Barnett said this week he had spent about 30 seconds considering Padbury's plan to revive the long-stalled Oakajee project before dismissing it as unrealistic. (VIEW LINK)


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