You can add Patersons Securities as another broking house to downgrade their rating on the stock from a buy to sell, price target $1.28.
Raising concerns on how PDN will make sufficient cashflows to pay out its $325m convertible note (due March 2013) on current uranium prices.
They will revisit their valation once PDN refinances its debt.
Did mention though that the Langer Heinrich operation looks great and should reach if not outperform nameplate.
looks like another hammering, page-3
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Last
$11.18 |
Change
-0.250(2.19%) |
Mkt cap ! $3.342B | |||
| Open | High | Low | Value | Volume |
| $11.66 | $11.66 | $11.18 | $25.19M | 2.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8339 | $11.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.24 | 800 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |