The thing is most of the company debt remains. The 'deal' was supposed to lift SP and allow PDN to renegotiate debt from a position of strength. It has happened. So can PDN repay debt by end CY14 with earnings? Clearly not. So will it try to renegotiate debt (hard to imagine the terms will be generous) or turn to a CR? Signs are that Ur will gain in price. But PDN need to service debt before then.
sale of the century, page-56
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Last
$7.39 |
Change
0.505(7.34%) |
Mkt cap ! $2.144B | |||
| Open | High | Low | Value | Volume |
| $7.09 | $7.49 | $7.09 | $47.85M | 6.598M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 4705 | $7.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.39 | 2291 | 9 |
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| Last trade - 12.22pm 13/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |