Alternatively they could pay off another bunch of the convertibles due April 2017 and do a "conversion" on the balance - the conversion is already priced into the SP. They have $55M cash in the bank
If they get the CNNC deal over the line no conversion required - upside potential from current situation and CNNC get locked in offtake for their 15 new reactors under construction. They previously bought 25% of LH to feed the reactors brought on line so they dont need to do much due dilligence - just need time to get the necessary approvals and authorisation.
Either way there is no downside on the transaction from here, U price is the only unknown and I think it is near the bottom if not already behind us.
Alternatively they could pay off another bunch of the...
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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 |