All Areva are interested in is getting priority supply of yellowcake & they were prepared to buy SMM shares @ $6.20 now & $7.20 in 2-6 months time.
The upside of this is that the market should now realise that Areva's placement offer of $7.20 effectively values PDN @ min $12.024 (based on the 1.67:1 conversion ratio) or up to $14.688 based on the 2.04:1 PDN offer current at the time Areva bought the first tranche of SMM.
Areva & PDN will come to an agreement where Areva take a similar % of PDN as they were after in SMM at between $12 & $14.50
asx news, page-8
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Last
$10.52 |
Change
0.380(3.75%) |
Mkt cap ! $3.145B | |||
| Open | High | Low | Value | Volume |
| $10.43 | $10.60 | $10.31 | $22.00M | 2.093M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39693 | $10.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.54 | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |