I know.
CNNC didn't progress with 24% because it made sense not to. That's easily explained.
CNNC's new value, as I understand will be easier to assess and consider once value is attributed. At this point, this isn't 'triggered' until arbitration event deems it triggered. (As I understand it).
CNNC would have a figure in mind, make no mistake. But I'd like to think for SH's sake it was well about USD $400m - $500m. Their prior offers and 25% ownership might go some ways to validating this and perhaps being antagonistic as to their efforts in achieving a lower valuation.
I think AM is doing his best to shore up his options. He's advised, I think by liquidation/insolvency/restructure advisers (not to be misconstrued actually being insolvent). They'd know better than most how to protect their interests and lay a few booby traps, but the bottom line is - they would NOT want CNNC to go away as a potential suitor of PDN. It's one thing to be frustrated with a party, another to kick them out of the tent.
I'm agnostic as to the result, except that I think the quicker LH goes, the quicker the U market will have more take up from US/Europe utilities.
I hope you all do really well. It's too good an asset to see go the way of the dodo. I think PDN has a future. But if you think about it, a future with LH is a genuine yoke around their neck. Debt pile, pre paid EDF burden...those two are big enough obstacles on their own. Forget the U market.
I'll repeat. I see PDN with upside at $140m US without LH, other prospects being worked on, no debt and maybe keep the cash in the bank. Maybe a little downside on current U mkt conditions, but given where U is and where it can go to, a healthy upside for most punters in or around this mark.
Cheers
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Last
$11.81 |
Change
0.020(0.17%) |
Mkt cap ! $3.478B |
Open | High | Low | Value | Volume |
$11.60 | $12.03 | $11.57 | $30.96M | 2.624M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6133 | $11.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.82 | 8087 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7496 | 13.020 |
1 | 13247 | 13.010 |
1 | 3412 | 12.720 |
1 | 110 | 12.590 |
1 | 252 | 12.510 |
Price($) | Vol. | No. |
---|---|---|
10.650 | 69152 | 5 |
11.020 | 4977 | 1 |
11.130 | 103 | 1 |
11.220 | 25431 | 3 |
11.240 | 9591 | 7 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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