Not for much longer.
At 7c a share PDN is possibly worth a small gamble.
By allowing PDN to trade again the CEO has given people the opportunity to get out if they wish.
The CEO has now warned everybody that he has plans but may not be able to implement any of them.
The CEO has also warned everybody that the TSX is looking at delisting the company.
The CEO has also warned people that he may not be able to meet the Listing Rules of the TSX.
IMO they won't wait until Aug/Sep to allow the TSX to delist them.
The CEO's conscience can now be clear. He has warned of the impending "Grave Consequences". Holders of this stock are now well aware that PDN is not an investment but a gamble.
IMO if they get negative news on CNNC or cannot implement their plans they will immediately go into a trading halt from which there will be no return. Essentially delisting themselves. This trading halt could happen at any time from now.
Ann: Reinstatement to official quotation, page-124
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Last
$11.45 |
Change
0.810(7.61%) |
Mkt cap ! $3.424B | |||
| Open | High | Low | Value | Volume |
| $10.84 | $11.47 | $10.79 | $39.22M | 3.468M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9438 | $11.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.45 | 1911 | 2 |
View Market Depth
| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |