fluffynymph
How much credence should you put on NTA of $1332.1m USD when a large portion of the total assets ($1177.9m) is made up of Exploration and Evaluation expenditure capitalised.
Exploration and Evaluation Expenditure is capitalised and carried forward to the balance sheet where there is an expectation that costs will be recouped through developement of the area or alternatively sale. PDN's BS is heavily skewed to this rather subjective asset class.
Essentially the realisable value for this class of "asset" could be significantly lower than its carrying value, so I don't feel its safe to assume that PDN's NTA's provide a safe floor to the SP, or even represent a liquifiable value in the way that cash & PPE would.
fluffynymphHow much credence should you put on NTA of $1332.1m...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PDN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$9.60 |
Change
0.070(0.73%) |
Mkt cap ! $2.871B | |||
| Open | High | Low | Value | Volume |
| $9.63 | $9.86 | $9.49 | $27.59M | 2.850M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1080 | $9.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.60 | 4936 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |