He had no choice but to make the announcement,, He would have been put in a trading halt and asked by the ASX anyway
He also needed to point out the truth to the market as well,, as people obviously do not read his reports to gain an understanding of the huge problem that PDN has.
"However, Paladin wishes to point out that the Restructure Proposal remains highly conditional and in the absence of alternatives (eg, LHM Stake Sale) its failure could have grave consequences"
Ann: Recent Share Price and Trading Volume, page-30
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