PDN 0.79% $11.43 paladin energy ltd

PDN managed to raise $300 million overnight, through convertible...

  1. 5,800 Posts.
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    PDN managed to raise $300 million overnight, through convertible bonds. The conversion price is $US5.665 per share, which should have declared a value to the market.

    The fact that the takeup was completed overnight demonstrates confidence in the company. The company can now settle all its 2011 bonds, and have $50 million left over for working capital.

    I have absolutely NO idea why the market is reacting negatively - no matter how hard I look into it and think about it, I really can't see a negative aspect to it at all...

    Can anyone else enlighten me as to why this was a bad thing?

    I admit to being completely stumped by the market reaction and selldown?!?!?!

    Especially with the uranium spot price shooting up - it's now up to $52.50/lb
 
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Last
$11.43
Change
0.090(0.79%)
Mkt cap ! $3.417B
Open High Low Value Volume
$11.35 $11.58 $11.16 $24.03M 2.107M

Buyers (Bids)

No. Vol. Price($)
1 164 $11.41
 

Sellers (Offers)

Price($) Vol. No.
$11.45 6746 1
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
PDN (ASX) Chart
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