Reading financial reports of companies on the ASX is like trying to translate ancient Greek. So many hidden figures and guesstimates for the future.
PDN has $600 mill debt and $200 mill cash before this latest cap raise. We lost $76 mill the last quarter? and COP was about $36/ pound before debt servicing and admin, plant, exploration etc.
Basically if the U price doesn't head over U$50 (and preferable up to 60 or 70) in the short to medium term the punters may begin to panic.
No wonder Warren Buffet doesn't invest in miners - he has always said how can you invest in something that relies on unforeseeable future commodities prices. It seems he has a point.
Still I'll buy more at 26c. Hopefully it doesn't go any lower.
Ann: Trading Halt, page-19
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Last
$13.43 |
Change
-0.150(1.10%) |
Mkt cap ! $4.015B | |||
| Open | High | Low | Value | Volume |
| $13.55 | $13.56 | $13.17 | $20.07M | 1.505M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74 | $13.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.44 | 9093 | 3 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |