apart from shorting, the issues I see seems to be that you can't sell something for less than you produce it and expect to stay in business for very long. heading towards a price of $40 per pound they can't be making much if anything. the price has dropped 25% is a fairly short time and no recovery in sight.
no idea what their debt convenants are but i'd be surprised if there wasn't a market cap clause in there some place and that must be getting tested.
so asset sales or a capital raising or both are probably on the agenda.
no wonder the shorters are in there. merrill lynch analyst that had them at a value of $2.70 must be looking for some place to hide.
i have been watching and waiting for opportunity to buy into this stock but there is no way I'd be touching it given all of the above.
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- paladin simply have to sell queensland
apart from shorting, the issues I see seems to be that you can't...
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Last
$9.75 |
Change
-0.380(3.75%) |
Mkt cap ! $2.915B |
Open | High | Low | Value | Volume |
$9.87 | $9.90 | $9.68 | $25.76M | 2.638M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | $9.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.76 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 9.740 |
1 | 9730 | 9.720 |
3 | 12295 | 9.710 |
3 | 1189 | 9.700 |
1 | 9730 | 9.690 |
Price($) | Vol. | No. |
---|---|---|
9.760 | 1000 | 1 |
9.780 | 4048 | 1 |
9.820 | 8661 | 3 |
9.830 | 9730 | 1 |
9.840 | 1016 | 1 |
Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
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