Yes, but as you say graymatter, 'Uranium is the next big thing worldwide'. If that's the case, then all shareholders will benefit.
IMO PDN did the right thing. Retail holders are a fickle bunch likely to dump their shares at the drop of a hat. I'm sure negotiations with HOPU were based around them obtaining a certain % ownership of PDN. They were always going to underwrite the retail EO and take a % of the shortfall.
Personally, when such a large issuance hits the market, I'd rather the shares were in the hands of a cornerstone investor.
Ann: Successful Completion of A$94.6M Retail Entitlement Offer, page-12
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Last
$10.06 |
Change
-0.030(0.30%) |
Mkt cap ! $3.007B | |||
| Open | High | Low | Value | Volume |
| $10.27 | $10.30 | $9.99 | $14.64M | 1.448M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2268 | $10.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.06 | 9758 | 4 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |