Yes I saw the balance sheet and agree they are not debt free; however, if you look at their accounts for 2017, they have negative equity. That is as bad as it gets, so I was really highlighting that the debt for equity swap has improved their financial position. It does not mean that they are going to make it, as it still is not clear when the uranium market will turn into a bull market. I have read 100 bits of info on this; however, I want to see it to believe it.
I agree about the going concern point, as the U price will help to fix this if it turns soon enough.
PDN back and tightly held $81 million market cap, page-30
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$10.15 |
Change
-0.050(0.49%) |
Mkt cap ! $3.027B | |||
| Open | High | Low | Value | Volume |
| $10.00 | $10.20 | $9.96 | $7.013M | 696.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1095 | $10.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.16 | 1180 | 7 |
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| Last trade - 12.41pm 01/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |