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
A few of points here 1. If I am not mistaken the short interest...
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Last
$11.18 |
Change
-0.250(2.19%) |
Mkt cap ! $3.351B | |||
| Open | High | Low | Value | Volume |
| $11.66 | $11.66 | $11.18 | $25.19M | 2.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8339 | $11.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.24 | 800 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |