I've been thinking for some time it's going to be difficult to get funding (especially debt) when the U price is so bad.
Who is going to lend $70m to a company that can't make money?
It's worth noting that all these 7c valuations are assuming a long-term contract price much higher than what mature producers are currently getting. The one in OP is looking at
i.e. PDN are selling at under $50 and are in the toilet because of it.
dundee capital markets report 28/4/2014, page-12
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Last
9.2¢ |
Change
-0.001(1.08%) |
Mkt cap ! $293.2M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.3¢ | 9.1¢ | $478.7K | 5.181M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 384530 | 2 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PEN (ASX) Chart |