Paladin Energy: from market hero to administration, page-25

First 25 Last

Share
Profile

Follow
mercury

189 Posts.

13/07/17

20:01

Post #: 25854663
Share

Originally posted by extracta1 ↑

PDN would have failed years ago if it had not been for the help of CIC, EDF, and CNNC.

CIC contributed to the 2020 bonds, and could have pulled the plug on PDN in April by not agreeing to the standstill.

EDF gave PDN a prepayment 5 years out from delivery so that PDN could stay afloat. They asked for interest on their money and adequate security. PDN agreed to repay the money to EDF if the security they provided was not adequate.

CNNC purchased 25% of LHM which staved off bankruptcy once again.

EDF could have claimed their money in January, but they held off giving PDN time to come up with something. EDF waited for five months giving PDN the opportunity to progress potential avenues that would save the company.

All of the above helped to facilitate a standstill in April when the 2017 bonds became due. Once again giving PDN time to come up with something. These companies have gone out of their way over the years to help keep PDN out of bankruptcy.

You could probably throw NEDBANK into the mix as well, but unfortunately for NEDBANK there probably won't be any money left for them to be repayed.

At no stage where any of the restructures agreed to by all of the parties involved. They were pie in the sky stuff.

PDN has been like a cancer, taking all down with it,, especially the shareholders.

Nobody forced PDN to get itself into this debt nightmare, and IMO these other companies and the bondholders have been incredibly patient with PDN, and given PDN ample opportunity to solve their problems.

CNNC, CIC, and EDF had plenty of opportunities to pull the plug on PDN,, but held off. More than PDN deserved in my opinion.

Expand

extracta1

After your persistent (it would seem predictive) narrative & me after loosing a motsa (at this point notionally), I realise I am an idiot.

I humbly submit to your superior intellect and insight. Whats your next stock tip mate? At this point, I need foresight, as I gotta get out of this house.... oops I mean hole.

PDN Price at posting: 4.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

OJC

SPC to merge with Original Juice Co and Nature One Dairy

There are more pages in this discussion • 11 more messages in this thread...

First 25 Last

Add PDN (ASX) to my watchlist

(20min delay)
Last $11.83		Change 0.060(0.51%)		Mkt cap ! $3.538B

Open	High	Low	Value	Volume
$12.00	$12.32	$11.66	$46.16M	3.848M

Buyers (Bids)

No.	Vol.	Price($)
1	436	$11.81

Sellers (Offers)

Price($)	Vol.	No.
$11.85	15265	1

View Market Depth

No.	Vol.	Price($)
5	36850	11.800
2	11323	11.790
1	11323	11.760
2	1625	11.750
1	256	11.700

Price($)	Vol.	No.
11.850	15265	1
11.930	4201	1
11.990	1280	1
12.000	100	1
12.010	1817	2

Last trade - 16.10pm 02/10/2024 (20 minute delay)

PDN (ASX) Chart

Paladin Energy: from market hero to administration, page-25

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

SPC to merge with Original Juice Co and Nature One Dairy

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Paladin Energy: from market hero to administration, page-25

Top Stories

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

SPC to merge with Original Juice Co and Nature One Dairy

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News