For a stock in a strong financial position such as PDN to be allowed to fall 16% in one day shows that the market is corrupt. More Mafia bosses here in Australia than anywhere else in the world.
I would have preferred PDN not to even do a capital raising yes, because they were in such a strong position that it was unnecessary. Instead they were effectively fooled by interest groups into this raising and this acted to keep the share price around 40 cents, when it should have been going up 50 cents.
They should have stayed strong and said NO to a raising - then the market would have got the message and the share price would be double what it closed at yesterday. Sometimes you dig your own grave.
For a stock in a strong financial position such as PDN to be...
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Last
$12.40 |
Change
-0.160(1.27%) |
Mkt cap ! $3.701B | |||
| Open | High | Low | Value | Volume |
| $12.50 | $12.54 | $12.15 | $33.45M | 2.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6658 | $12.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.40 | 290182 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |