According to this morning's ASX announcement, PDN have sold the royalties from the Langer-Heinrich deposit to Redport.
What exactly does this mean? Is it a good thing or a bad thing? Why would they sell their ace in the hole, so to speak? Or am I just not understanding what is meant here?
This morning's price is up, and it went up in Canada overnight, so I presume the market thinks this is a good thing, but I have no idea why. Would appreciate one of your usual excellent explanations if possible.
I only have intermittent access to the net today, so apologies in advance if I am unable to acknowledge any replies straight away.
Many thanks :)
According to this morning's ASX announcement, PDN have sold the...
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Last
$8.76 |
Change
0.110(1.27%) |
Mkt cap ! $2.619B | |||
| Open | High | Low | Value | Volume |
| $8.70 | $8.87 | $8.70 | $20.95M | 2.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8572 | $8.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.76 | 10441 | 2 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |