My thinking:
PDN could do a placement to the shorters for say 15 cents. Then the shorters replace the shorted shares. Problem solved (for them), PDN gets some more money (80 million @ 15c = $12m).
I doubt they will need to be bought back on-market.
Uranium outlook, page-6
Add PDN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$14.01 |
Change
0.840(6.38%) |
Mkt cap ! $4.203B | |||
| Open | High | Low | Value | Volume |
| $13.93 | $14.28 | $13.83 | $33.25M | 2.360M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 211 | $14.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.02 | 4345 | 45 |
View Market Depth
| Last trade - 14.26pm 11/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |