Even if you assume "normal" UXA prices should be $40, 50 way above current spot prices, you're exactly right, company needs a recapitalisation to keep it going. And a debt restructuring. This means lots of dilution and pain for existing shareholders. And this is the best outcome.
Tumbleroll: sorry mate, I can't forward the article, but let's just say it assumes at least half of debt equitised and a big capital raising. There will be massive dilution. Don't think bondholders will accept current stock price either.
PDN has no value, page-17
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Last
$11.43 |
Change
0.090(0.79%) |
Mkt cap ! $3.417B | |||
| Open | High | Low | Value | Volume |
| $11.35 | $11.58 | $11.16 | $24.03M | 2.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 164 | $11.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.45 | 6746 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |