This is almost capitulation. It is certainly manipulation either by shorting or straight-out selling by a major holder. It is disastrous for the company and any real investors, as opposed to traders.
John Borshoff must be in agony right now - whoever would have thought that with a looming uranium recovery, and Paladin being one of the few actual producers on the planet, that the share price would have been pushed down to 16c.
Logic has no place in what is happening here - it is pure greed and fear.
Starting to Cover Short Positions, page-40
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Last
$8.97 |
Change
0.110(1.24%) |
Mkt cap ! $2.681B | |||
| Open | High | Low | Value | Volume |
| $8.90 | $9.28 | $8.89 | $27.96M | 3.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29174 | $8.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.99 | 10000 | 1 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |