PDN may survive in 2 years but the shareholders money may not. If the U price remains below $40 they need to raise money either by selling more LH ownership to the Chinese or issue more shares. In both cases, the SP will drop.
They may do reverse split soon. The SP usually drops after a reverse split. The process can wipe out existing shareholder values. Look at General Motors, the old shareholders got wiped out. They issues new shares to the US government, the savior. After it comes back the US government sell the shares back to the market. Common share holders have no protection.
PDN may survive in 2 years but the shareholders money may not....
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Last
$12.18 |
Change
-0.380(3.03%) |
Mkt cap ! $3.696B | |||
| Open | High | Low | Value | Volume |
| $12.50 | $12.54 | $12.17 | $13.17M | 1.065M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2575 | $12.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.19 | 610 | 7 |
View Market Depth
| Last trade - 12.38pm 26/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |