PDN 5.94% $8.20 paladin energy ltd

Largest uranium play on asx??, page-8

  1. 317 Posts.
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    Just watching your back mate and the info (true) is available for anyone to research. The March quarterly report will be affected by a large free shipment to CNNC, so expect a higher loss. There will need to be an announcement during the present quarter about a capital raise, bond issue or asset sale, buy out of a further part of LHM (or maybe a TO) before the cash needed to keep the concern going runs out. Although they have already stated that possibility, I can't see how C&M of LHM would be wanted by the new major shareholders or CNNC. Aside from arranging payout through a TO, the former need to keep that PDN ticker on the ASX so that they can make money out of the DOCA arrangement. For ordinary shareholders, the best chance of making money out of PDN may be not in its mining of uranium but in riding manipulation of the stock. PDN was one of the most manipulated stocks on the ASX before the DOCA and probably will remain so, except this time the manipulators may be owners of the company and they won't be down ramping the stock. You basically have a hedge fund in charge of its own company. Best of luck to all who hold.
 
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Last
$8.20
Change
0.460(5.94%)
Mkt cap ! $2.955B
Open High Low Value Volume
$8.04 $8.32 $7.90 $30.65M 3.704M

Buyers (Bids)

No. Vol. Price($)
1 3000 $8.20
 

Sellers (Offers)

Price($) Vol. No.
$8.22 2649 1
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Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
PDN (ASX) Chart
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