Gold bear
PDN cost reduction is off a base of 31 - they have been quoting this for a while so you need to have the history - reading the last quarterly is confusing you - go back to annual and half yearly results.
As for the break even numbers - here I agree with you - from a group perspective ( which is what shareholders buy ) they need 45. But the part you miss is PDN haven't been able to sell LT contracts due to price and lack of demand. Both these are changing so if for argument sake PDN locked in some LT contracts at 58, they will quickly move to cash flow positive on a group level . They now also have the luxury of beeing able to wait for longer as 43 spot means cash outflow reduced significantly
and I don't even hold PDN now lol
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$8.33 |
Change
-0.430(4.91%) |
Mkt cap ! $2.490B |
Open | High | Low | Value | Volume |
$8.61 | $8.68 | $8.28 | $23.77M | 2.809M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9135 | $8.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.36 | 2699 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 120 | 8.310 |
1 | 600 | 8.250 |
3 | 2322 | 8.200 |
1 | 610 | 8.150 |
2 | 775 | 8.100 |
Price($) | Vol. | No. |
---|---|---|
8.370 | 5000 | 1 |
8.380 | 287 | 1 |
8.400 | 4235 | 3 |
8.500 | 600 | 1 |
8.550 | 1765 | 2 |
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