That is the best post I've seen about this institutional placement Oracleyoda.
Yes, the placement of 125.6 million shares added $88 million to PDN's balance sheet (which should've translated to a higher market cap at today's prices) and the discounted price of 70c for the new shares should've diluted last week's share price of $1.00 by less than 5c.
Nothing else has changed with the company since before the trading halt so a 28c discount at what I bought for at $0.72 this morning is a screamingly good buy.
think harder, 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 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |