Think of it like an auction
Investors place bids (eg. $1m @ 1.40, $2m @ 1.39 etc...)
PDN will then take the highest bids which make up $70m & the price granted is the lowest of the highest bids taken.
i.e if the prices were:
1.4
1.39
1.38
1.37
1.36
And all the bids up to 1.37 (1.37 & higher) totalled $70m, that would be the cut-off & the final price for everyone is 1.37
trading halt ...., page-21
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Last
$11.66 |
Change
-0.170(1.44%) |
Mkt cap ! $3.487B | |||
| Open | High | Low | Value | Volume |
| $11.80 | $11.89 | $11.49 | $34.10M | 2.930M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $11.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.67 | 6642 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |