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.
It was an asset sale.Nobody wants to buy debt.PDN represents a...
-
- There are more pages in this discussion • 37 more messages 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
$12.30 |
Change
-0.100(0.81%) |
Mkt cap ! $3.718B | |||
| Open | High | Low | Value | Volume |
| $12.39 | $12.63 | $12.26 | $28.51M | 2.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 3927 | $12.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.31 | 1723 | 21 |
View Market Depth
| Last trade - 12.32pm 27/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |