Just commenting on the Announcement.
In regard to the U price and any upward movement.
If the deal goes through then PDN has now 51% of one operating mine. How long it takes for the U price to take off(substantially) is the question and as I posted PDN would still only have 51% of a producing mine for a period until the U price is high enough and demand is strong enough to bring the other back online?
IF the 24% is sold that would kill off any bidders(creating a bidding war with CNNC 49% LHM) looking for a takeover down the track. imo
Md
Ann: Clarification Regarding Proposed Divestment of 24% of LHM-PDN.AX, page-15
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Last
$11.62 |
Change
0.070(0.61%) |
Mkt cap ! $3.448B | |||
| Open | High | Low | Value | Volume |
| $11.40 | $11.67 | $11.39 | $6.304M | 546.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 932 | $11.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.63 | 1415 | 10 |
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| Last trade - 11.52am 01/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |