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?
Lets summarise this.- Paladin has a debt.- Paladin currently...
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Last
$12.68 |
Change
0.290(2.34%) |
Mkt cap ! $3.795B | |||
| Open | High | Low | Value | Volume |
| $12.45 | $12.75 | $12.40 | $9.314M | 738.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 2930 | $12.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.69 | 2740 | 17 |
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| Last trade - 10.50am 03/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |