I think its quite important for PDN to keep a hand on the LHM. It gives them that real-time leverage to the U market, that developers like AEE and BKY don't have. In essence it is PDN's competitive advantage as a stock.
Worst case is VA. Next worst is a fire sale of LHM, because it leaves PDN as a shadow of its former self.
If PDN's keep even just a minority stake in LHM, and wipes its short term obligations clear, this is definitely a stock I want some cash in. But this announcement breeds more uncertainty.
I could've easily been caught in this TH, having traded it heavily the past 4 months. Hopefully this is resolved sooner rather than later for the sake of holders that are currently exposed.
I think its quite important for PDN to keep a hand on the LHM....
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Last
$11.34 |
Change
-0.440(3.74%) |
Mkt cap ! $3.390B | |||
| Open | High | Low | Value | Volume |
| $11.39 | $11.56 | $11.31 | $36.85M | 3.234M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3200 | $11.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.40 | 1054 | 2 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |