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.
I worry that the tiny MGS deal is AM's justification for taking...
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Last
$11.87 |
Change
0.020(0.17%) |
Mkt cap ! $3.550B | |||
| Open | High | Low | Value | Volume |
| $11.83 | $11.92 | $11.72 | $21.23M | 1.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 687 | $11.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.87 | 441 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |