asx short interest on march 14, page-10

Unfortunately , one can't forget the spot price as PDN don't have the luxury of time . Interest needs to be paid and debt needs to be paid down . Spot price recovery is hugely important . Make no mistake . LH is low cost but once you add in sustaining costs and corporate I would say PDN it is barely cash flow positive, and probably not positive at all if you add interest costs . In my view if the spot stays around these levels PDN will trend down . On the flip side if U price recovers then PDN will lead the sector recovery