I think it makes no sense to guess a value based on assets at this stage. PDN is a 100% speculative stock, therefore it depends on one's conviction on the turn around story. But roughly, it may maintain 11.5c or slightly above of that in the short term, given the instos shoved in the money at this price recently.
Right now I am more interested in what will happen next, since the SPP has pretty much lapsed. Will there be some insto picking them up? Or $7m SPP is totally optional and the company will simply let it go? If it's the later, people might challenge the management why they asked for it at the first place? Or maybe the management just want to give a 'fair go' to the existing holders?
I think it makes no sense to guess a value based on assets at...
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Last
$7.90 |
Change
0.210(2.73%) |
Mkt cap ! $2.362B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.97 | $7.35 | $41.25M | 5.365M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 434 | $7.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.91 | 25184 | 6 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |