PEN 25.3% 6.2¢ peninsula energy limited

Having doubts, page-22

  1. 652 Posts.
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    PDN is in a world of hurt at the moment.

    Essentially they owe about $800 M ,, with about $250 Million due in April.

    Money they do not have.

    They also owe $260 Million to EDF for future delivery. This money has been used to pay back debt and the French now want more security or their money back.

    PDN's future rely's on bondholders agreeing to extend the bonds. To do this PDN has to give them 5 Billion shares at 5c. Essentially giving away 3/4s of the company

    Tread carefully with PDN at the moment.

    https://thewest.com.au/business/mining/paladin-burns-cash-as-it-pursues-rescue-plan-ng-b88359243z
 
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