Good move
Indeed - the Chinese have timed everything with the sole purpose of bringing PDN to their knees and taking the crown jewel .
The timing of the call option was intended to blow up the restructure proposal by crunching the SP below the proposed 5 c issue price. Now that it is not trading , other options can be considered. The bond holder agreement is an issue but the pause gives times for the consideration of other options. For example they would be better off selling 40% of LH to the Russians , paying this CB and then raising funds to deal with the next CB
I really hope they pull something off that
1. Keeps the company afloat
2. Does not see LH in the hands of the Chinese
Maybe a special situations fund or a glencore could help
Ann: Voluntary Suspension, page-3
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Last
$10.12 |
Change
0.120(1.20%) |
Mkt cap ! $3.025B | |||
| Open | High | Low | Value | Volume |
| $9.99 | $10.30 | $9.87 | $20.68M | 2.041M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 755 | $10.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.15 | 1460 | 1 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |