I worry that the tiny MGS deal is AM's justification for taking a fat bonus (for a "material sale"), without actually saving the company by addressing the elephant in the room: the other $175m owing.
AM is the only one who will be popping champagne corks tonight.
I lost a sh*tload of money in PDN.
I sincerely hope there is a TO offer from someone, but if you were a buyer (like CNNC), would you take over PDN now (with $220m debt due in April), or would you simply wait til April, and buy the remaining 75% of LH at a bargain price (debt free)? They already have a 25% "blocking stake" in the mine, to discourage other buyers.
CNNC has no financial interest in PDN at all. It owns 25% of a mine, not a company.
Smart and ruthless.
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Last
$10.40 |
Change
-1.260(10.8%) |
Mkt cap ! $3.109B |
Open | High | Low | Value | Volume |
$10.77 | $10.77 | $10.15 | $58.97M | 5.696M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $10.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.40 | 2536 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 10.370 |
2 | 426 | 10.350 |
2 | 9903 | 10.330 |
1 | 1500 | 10.320 |
5 | 2857 | 10.300 |
Price($) | Vol. | No. |
---|---|---|
10.400 | 2536 | 2 |
10.420 | 300 | 1 |
10.430 | 23062 | 1 |
10.440 | 1992 | 1 |
10.500 | 7350 | 3 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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