They need to pay down some of the trade debt. $58m in short term liabilities is more of a risk to the company than the debt funding component due next year.
I expected $20m upfront as I thought MIN would screw PNR hard considering the fragile financial state of the company, so this is a good outcome imo even if it robs them of some blue sky potential in future. Anything that removes further dilution is a good thing as there is already 5.2b soi
Ann: Sale of Lithium and Base Metal Rights for up to $60M, page-9
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Last
8.4¢ |
Change
-0.005(5.62%) |
Mkt cap ! $542.1M | |||
| Open | High | Low | Value | Volume |
| 8.6¢ | 8.7¢ | 8.4¢ | $738.3K | 8.682M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1419157 | 8.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.7¢ | 171123 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PNR (ASX) Chart |