Must have been a prearranged deal. Was trading at .091 at 3.59.54 pm, then sudden huge volumes, all at .083, from 4.10.19 pm on. It looks like an agreed exchange between big parties. Before shares were diluted to 1.7 B, any changes in significant holdings above 5% of PDN had to be reported to the ASX, but since that dilution, many large changes in holdings like this one would have gone under the radar and we don't get to see who is involved. The strategy was obviously to carry this out at the close of trading , thus not allowing ordinary bargain hunting buyers to complicate the picture. If it was such a deal, some entity was happy to receive the shares and the outlook may not be so grim as imagined (I wish).
Re: PDN Chart
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 (20min delay)
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Last
$10.16 |
Change
-0.040(0.39%) |
Mkt cap ! $3.038B | |||
| Open | High | Low | Value | Volume |
| $10.00 | $10.24 | $9.96 | $17.95M | 1.771M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5383 | $10.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.19 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |