Totally understood GoNuke, however the point I was making was in relation to the MC's of both companies and the amount of money needed to take control of them, hence my belief that Hanlong can pay a bit more. It is another thing if they do or don't.
Yes, PDN do produce two mines in two countries and have ~550mlb's in total resources, but also have about ~$1b in debt (bank loans and convertible bonds), which would make it even more expensive to the suitor of PDN.
BMN is a young company on the verge of production with 212mlb's in total resource, convertible bond of $10m, and such an easy target in the scheme of things currently.
I am definitely not saying that BMN is better than PDN, on the contrary, although what I am saying is that for a smaller outlay, Hanlong can gain control of a baby and raise it in the methods they know an want.
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$2.74 |
Change
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Mkt cap ! $481.6M |
Open | High | Low | Value | Volume |
$2.73 | $2.80 | $2.70 | $1.473M | 534.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 416 | $2.73 |
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Price($) | Vol. | No. |
---|---|---|
$2.81 | 2500 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 366 | 2.730 |
1 | 183 | 2.720 |
4 | 6368 | 2.700 |
1 | 1000 | 2.680 |
5 | 2484 | 2.650 |
Price($) | Vol. | No. |
---|---|---|
2.850 | 2000 | 1 |
2.870 | 10000 | 1 |
2.880 | 3500 | 2 |
2.920 | 4000 | 1 |
2.980 | 1677 | 1 |
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