Comparing this consolidation to a minnow done nothing explorer consolidation does not make sense. PDN is very close to production, and as was pointed out in another thread gets share price above US$5, making it more investable for the larger funds.
This will likely lead to short term pain, the same thing happened with Lynas, but look at them now years on from their consolidation. This is a good thing overall for the company imo.
Comparing this consolidation to a minnow done nothing explorer...
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Last
$15.51 |
Change
0.005(0.03%) |
Mkt cap ! $4.635B | |||
| Open | High | Low | Value | Volume |
| $15.70 | $15.70 | $15.33 | $11.21M | 720.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 772 | $15.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.51 | 1673 | 7 |
View Market Depth
| Last trade - 12.58pm 06/06/2024 (20 minute delay) ? |
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Last
$15.45 |
Change
0.005 ( 0.10 %) |
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| Open | High | Low | Volume | ||
| $15.65 | $15.70 | $15.33 | 180905 | ||
| Last updated 13.15pm 06/06/2024 ? | |||||
| PDN (ASX) Chart |