I think AM is calling cnnc bluff here. Cnnc goal is to drive down the share price and have a failed restructure deal and get LH in a fire sale with first dibs. $175m was for 1/4 of LH. So $525m for the rest will payback 2017 debt $220m and edf $260m. Then pdn has their other mine (on c&m) and all of mich + other small assets. Still have 2020 debt to deal with. Although i dont like this approach it will leave $65m in the bank for other mine c&m. And they could entice someone into mich.
Ann: Voluntary Suspension, page-6
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Last
$7.69 |
Change
0.400(5.49%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $7.54 | $7.84 | $7.52 | $38.43M | 4.996M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25000 | $7.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 10674 | 2 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |