Last week was a brutal week, and I suspect the next 1 -2 weeks maybe critical and telling as to Paladin’s future and survival.
I noted the top 20 shareholders of Pdn actually hold about 1.1b shares out of the total of 1.7b on issue (65%), so while the huge volume of the last 3 days was about 160m shares, it is still a small fraction (about 15%) of the top 20 shareholders.
If Paladin went into VA, what would that mean? – could Pdn then look at a restructure/ recapitalisation of some kind, then be re-listed? Or, would VA effectively mean shareholders have lost their money for good, and have no hope of reviving their investments in a restructured Pdn?
Re: Paladin Gravy Train
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Last
$11.07 |
Change
-0.110(0.98%) |
Mkt cap ! $3.309B | |||
| Open | High | Low | Value | Volume |
| $10.96 | $11.22 | $10.91 | $28.86M | 2.617M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5433 | $11.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.09 | 7213 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |