I don't see a reason to include TSX. Canada is a banana republic right now.
Cashflow from operations CAN fund Michelin. It would be silly to fund it using cash or equity.
The best move would be to start paying dividend ASAP and get large yield players on the register.
Also, a brownfield project is not the same as a greenfield project. Different skillsets and risk profile.
If I recall, they were trying to sell it during a strategic process but ended up keeping it. Possibly bad timing.
Someone will have to come in and JV on Michelin in a market short of LBs and give PDN a fantastic deal.
Ann: Consolidation/Split - PDN, page-49
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Last
$9.73 |
Change
-0.290(2.89%) |
Mkt cap ! $2.909B | |||
| Open | High | Low | Value | Volume |
| $9.90 | $9.94 | $9.70 | $39.49M | 4.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 18227 | $9.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.73 | 15000 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |