It's not the C1 costs that worry me. Its the costs from the CB's and secured loan. They add up to about$US 7.90/lb (the secured loan also includes principle repayments). They said something about dealing with the 2017CB "in a timely manner" in the last conference call I think, the SP has headed south ever since.
Have a look at shortman, the level of shorting has hardly changed recently, its trending sideways. My thoughts are that the recent plunge is related to a play to refinance the 2017CB with a low conversion price and maximize the dilution - great for the CB holders, not great for shareholders. They don't have enough cash to pay it out and won't while they are cash flow neutral/negative. They have to refinance, no other option. Selling a few shares now is nothing when you can get a lot more from refinancing a CB with a conversion price of for example 40c.
Reluctantly have reduced my holding recently, maintain long term faith but too much uncertainty at present.
- Forums
- ASX - By Stock
- Paladin Unsustainable. It Will Become A Buy Out Target.
It's not the C1 costs that worry me. Its the costs from the CB's...
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PDN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$11.73 |
Change
-0.100(0.85%) |
Mkt cap ! $3.466B |
Open | High | Low | Value | Volume |
$11.80 | $11.89 | $11.53 | $12.87M | 1.100M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1445 | $11.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.74 | 1379 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 2404 | 11.730 |
19 | 5021 | 11.720 |
16 | 5091 | 11.710 |
14 | 6024 | 11.700 |
11 | 11277 | 11.690 |
Price($) | Vol. | No. |
---|---|---|
11.740 | 672 | 4 |
11.750 | 5046 | 17 |
11.760 | 3970 | 8 |
11.770 | 3360 | 7 |
11.780 | 7492 | 8 |
Last trade - 12.48pm 04/10/2024 (20 minute delay) ? |
Featured News
PDN (ASX) Chart |