PDN has a market cap of ~80 million. But has 66 million in cash. FY21 expenditure is no more than $17m. This cash will keep us afloat for a minimum of 3.5 years. The market is basically saying that PDN is likely to become solvent. These are crazy buying opportunities for those that have the stomach and cash free.
Some perspective
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Last
$9.64 |
Change
-0.760(7.31%) |
Mkt cap ! $2.882B | |||
| Open | High | Low | Value | Volume |
| $9.92 | $10.06 | $9.48 | $36.24M | 3.721M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8133 | $9.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.64 | 2871 | 1 |
View Market Depth
| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |