I find this type of analysis a little limited. Just because PDN was once $10 does not mean it will even survive.
Let's recap the facts:
1) PDN is selling into the spot market at a NEGATIVE gross margin.
2) After 1), it must fund interest, corporate overheads (including paying the Borsh a small fortune) ,exploration and other capex..
3) It has a shed load of debt (>$500m)
4) It has received prepaid sales income of $200m (not sure what the exact amount is?). That is DEBT as there will be no sales revenue earned when the production is delivered.
5) The company has a history of disappointing. Has PDN ever earned a profit? There is a continuous cycle of capital raising that are lost after trading losses absorb that capital.
I suppose that apart from the above the fundamentals look great! Good luck in holding. I have done a few trades but cannot stomach holding again due to the high risks.
I find this type of analysis a little limited. Just because PDN...
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 (20min delay)
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Last
$13.98 |
Change
0.810(6.15%) |
Mkt cap ! $4.179B | |||
| Open | High | Low | Value | Volume |
| $13.93 | $14.28 | $13.83 | $47.88M | 3.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $13.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.98 | 6031 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |