It was an asset sale.
Nobody wants to buy debt.
PDN represents a cash flow negative operation which is laden with debt.
The asset sale will help alleviate some of this pressure, with the U cost still well below the PDN's break even production costs, the investment proposition is bleak.
Time to short.
debt structure?, page-3
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Last
$9.72 |
Change
0.090(0.93%) |
Mkt cap ! $2.907B | |||
| Open | High | Low | Value | Volume |
| $9.94 | $10.07 | $9.69 | $34.89M | 3.537M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3453 | $9.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.73 | 4814 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |