Because there are other creditors involved and they are not going to stand by and take a bigger hit just so CNNC can play low ball. Remember there were various capital restructure proposals on the table that stakeholders had pretty much agreed to before CNNC threw a spanner in the works. None of us know what has transpired here, no point speculating. But the announcement did state that PDN retains LHM. As far as i can tell it appears they are looking to do some type of capital restructure. We will all know in due course.
Ann: Paladin to Retain Langer Heinrich, page-37
Add PDN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$11.47 |
Change
0.040(0.35%) |
Mkt cap ! $3.417B | |||
| Open | High | Low | Value | Volume |
| $11.66 | $11.66 | $11.40 | $3.897M | 338.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25 | $11.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.48 | 1133 | 8 |
View Market Depth
| Last trade - 10.58am 29/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |