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
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Last
$14.13 |
Change
0.955(7.25%) |
Mkt cap ! $4.221B | |||
| Open | High | Low | Value | Volume |
| $13.93 | $14.28 | $13.83 | $28.92M | 2.053M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1001 | $14.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.13 | 2270 | 23 |
View Market Depth
| Last trade - 13.20pm 11/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |