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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$12.48 |
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Mkt cap ! $3.724B |
Open | High | Low | Value | Volume |
$12.45 | $12.76 | $12.26 | $26.57M | 2.124M |
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No. | Vol. | Price($) |
---|---|---|
1 | 6286 | $12.47 |
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Price($) | Vol. | No. |
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$12.48 | 5038 | 1 |
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No. | Vol. | Price($) |
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4 | 11290 | 12.420 |
3 | 359 | 12.400 |
3 | 12190 | 12.390 |
2 | 44099 | 12.380 |
2 | 17193 | 12.370 |
Price($) | Vol. | No. |
---|---|---|
12.490 | 8441 | 1 |
12.500 | 2170 | 3 |
12.510 | 8441 | 1 |
12.530 | 8496 | 2 |
12.540 | 37284 | 2 |
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