Lets summarise this.
- Paladin has a debt.
- Paladin currently losing money
- LH in care and maintenance.
- Auditors based numbers on current figures without adjusting for changes to value of assets.
This isn't new information about Paladin. It's a stock that lives or dies based on the whether or not the uranium price recovers enough for Paladin to recommence mining at LH and operate at a profit. Holders are here for the risk:reward play. I really hope there aren't investors who have taken positions in PDN because they think its a stable, producing miner.
Auditors aren't going to factor in their own thoughts on whether or not uranium is going on a bull run in the next 2-3 years, so what would anyone expect them to say about the current financials?
Ann: New York Investor Presentation, page-101
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Last
$11.93 |
Change
0.155(1.32%) |
Mkt cap ! $3.668B | |||
| Open | High | Low | Value | Volume |
| $12.00 | $12.32 | $11.66 | $33.93M | 2.817M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 3795 | $11.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.93 | 1184 | 13 |
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| Last trade - 15.35pm 02/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |