A few of points here
1. If I am not mistaken the short interest has decreased over the last few days , 77m seems high but what percentage does that represent - 6% of market cap
2 if there are 6% sorts there are 94% longs - why are the shorters given so much value
3 one year ago some of the best performing stocks of the last year were heavily shorter
Mts , most small cap gold stocks , a couple of years back it was JB Hi FI and Fairfax - they all doubled and tripled from the time short interest peaked
Now back to the deal - a couple years back they sold 25% for 190m usd , now they are selling 175 m usd for 24% but for PDN, raising money this was is very much less dilutive than issuing shares given the change in the AUD /USD exchange rates .
I agree the non binding nature has been assumed to be bad by some , but It may be a PDN driven thing for the short term
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Last
$11.79 |
Change
0.130(1.11%) |
Mkt cap ! $3.526B |
Open | High | Low | Value | Volume |
$12.00 | $12.14 | $11.73 | $24.12M | 2.033M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7128 | $11.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.85 | 5416 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7128 | 11.790 |
1 | 10545 | 11.760 |
1 | 2500 | 11.750 |
4 | 12500 | 11.730 |
4 | 13024 | 11.700 |
Price($) | Vol. | No. |
---|---|---|
11.900 | 2751 | 3 |
11.910 | 795 | 1 |
11.950 | 10545 | 1 |
11.960 | 250 | 1 |
11.970 | 5000 | 1 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
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