He could still achieve both.
Sell LHM to CNNC and get his bonus.
Under his new plan if PDN walked away with $500m and paid down most of the debt there would still be approx $170M outstanding. Which PDN would have no income to pay off and would need a capital raising to cover it.
However the TSX has already indicated a loss of confidence in PDN and alluded to PDN being delisted. IMO this would have a negative impact on PDN's ability to run a successful capital raising in either Canada or Australia.
He could still achieve both. Sell LHM to CNNC and get his bonus....
Add PDN (ASX) to my watchlist
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Last
$11.66 |
Change
-0.170(1.44%) |
Mkt cap ! $3.487B | |||
| Open | High | Low | Value | Volume |
| $11.80 | $11.89 | $11.49 | $34.10M | 2.930M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $11.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.67 | 6642 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |