Because there are other creditors involved and they are not going to stand by and take a bigger hit just so CNNC can play low ball. Remember there were various capital restructure proposals on the table that stakeholders had pretty much agreed to before CNNC threw a spanner in the works. None of us know what has transpired here, no point speculating. But the announcement did state that PDN retains LHM. As far as i can tell it appears they are looking to do some type of capital restructure. We will all know in due course.
Ann: Paladin to Retain Langer Heinrich, page-37
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Last
$11.23 |
Change
-0.205(1.79%) |
Mkt cap ! $3.417B | |||
| Open | High | Low | Value | Volume |
| $11.66 | $11.66 | $11.20 | $10.02M | 877.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2101 | $11.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.23 | 4090 | 15 |
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| Last trade - 13.00pm 29/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |