Sometime back I posted that CNNC must owe PDN around $100M in their share of LHM running costs. Mathew Woods has not mentioned this in his report. If this was recouped it would fortify the first restructure plan. He acknowledges that CNNC's part ownership of LHM is a deterrent to prospective purchasers. There is an opportunity to buy back CNNC's 25% share for the balance of what they paid for it ie $90M, or at least make it feasible for a prospective purchaser to do so. Why has CNNC's debt in running costs not been used as a tactic in rebuttal of their trigger fiasco?
Pg 41, page-3
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Last
$13.99 |
Change
0.010(0.07%) |
Mkt cap ! $4.182B | |||
| Open | High | Low | Value | Volume |
| $13.78 | $14.02 | $13.62 | $27.61M | 1.999M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 198 | $13.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.00 | 5278 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |