I'm figuring that there will be a CR within the next quarter, which is not really a bad thing as it will cash up PDI for further exploration and progress towards mine development.
Reasoning -> The last PDI update stated that end of Dec, PDI had $32 mill in the bank, no debt. Also stated that exploration and eval exp during Dec quarter was $16 mil. So I'm presuming end of March, about $15 mill remaining in bank. Also, the suppression of the share price is probably indicative of a CR on the close horizon. Not really surprising and bang for the buck from the incredibly well credentialed team will simply build PDI's value.
I'm figuring that there will be a CR within the next quarter,...
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Last
23.0¢ |
Change
-0.035(13.2%) |
Mkt cap ! $540.7M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 22.0¢ | $4.978M | 20.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 595637 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 546259 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PDI (ASX) Chart |