The Directors of Paladin met with FIL Limited to discuss their selling. Hopefully that will stop now that PDN have announced the $30+m in cost cutting. Also I believe they are working on further cost cutting With respect to someones comment about it could be the con note holders I would highly doubt that as the conversion on the latest note is 35c+ and the previous note was over a $1 conversion.
I would suspect the shorters are giving it a further push down to shake out the tree and any people that are buying PDN on margin.
Starting to Cover Short Positions, page-2
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Last
$12.48 |
Change
0.060(0.48%) |
Mkt cap ! $3.724B | |||
| Open | High | Low | Value | Volume |
| $12.45 | $12.76 | $12.26 | $26.57M | 2.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6286 | $12.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.48 | 5038 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |