"2. They have a good chance of making a partial asset sale soon. If they hold off and spot starts to rise they will get a better deal. If spot rises and they haven't secured a deal they may also hold off altogether and NOT SELL. If this is press released as their decision it will look incredibly strong and the price will rocket."
JFI
That's what the Market is waiting for, the answer to the partial sale of LH imo
To keep .38 as the bottom from here then PDN's management have to follow through with a meaningful/believable release to the Market come late Nov/early December as they intended with regard to the sale. Management have misinformed the Market once already regarding the sale and subsequently destroyed PDN's Share-price.
If there is no sale with a poor explanation and no rise in the spot U price soon then the weak trading period through December wont give PDN holders any bonus for Christmas.imo
In saying that there cant be much more downside for the share-price even with a no sale. imo
.38c has proven to be a strong technical support level. imo
Md
was the 30th october the key..., page-23
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Last
$7.15 |
Change
-0.190(2.59%) |
Mkt cap ! $2.158B | |||
| Open | High | Low | Value | Volume |
| $7.45 | $7.47 | $7.14 | $18.94M | 2.600M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 9773 | $7.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 30570 | 34 |
View Market Depth
| Last trade - 14.36pm 15/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |