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9.14% $9.79 paladin energy ltd

I think AM is calling cnnc bluff here. Cnnc goal is to drive...

  1. Dean210
    121 Posts.
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    10/03/17
    20:06
    Post #: 23263481
    I think AM is calling cnnc bluff here. Cnnc goal is to drive down the share price and have a failed restructure deal and get LH in a fire sale with first dibs. $175m was for 1/4 of LH. So $525m for the rest will payback 2017 debt $220m and edf $260m. Then pdn has their other mine (on c&m) and all of mich + other small assets. Still have 2020 debt to deal with. Although i dont like this approach it will leave $65m in the bank for other mine c&m. And they could entice someone into mich.
    PDN Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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