My thinking:
PDN could do a placement to the shorters for say 15 cents. Then the shorters replace the shorted shares. Problem solved (for them), PDN gets some more money (80 million @ 15c = $12m).
I doubt they will need to be bought back on-market.
Uranium outlook, page-6
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Last
$10.00 |
Change
0.360(3.73%) |
Mkt cap ! $2.989B | |||
| Open | High | Low | Value | Volume |
| $9.89 | $10.16 | $9.67 | $30.71M | 3.077M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10066 | $9.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.03 | 1259 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |