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.
Reading financial reports of companies on the ASX is like trying...
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Last
$12.48 |
Change
0.060(0.48%) |
Mkt cap ! $3.724B | |||
| Open | High | Low | Value | Volume |
| $12.45 | $12.76 | $12.26 | $26.57M | 2.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6286 | $12.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.48 | 5038 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |