At current spot price, a 40% increase in production equals a 4o% increase in losses. The stated reduction in costs of $1-2/lb is a plus but not significant, eg all in cash costs reduced from say $31/lb down to $29/lb whereas spot price is around $21/lb. This announcement is an attempt to counter the poor 1/2 yearly report. PDN desperately needs a big increase in spot price or an asset sale to survive the next 6-12 months.
At current spot price, a 40% increase in production equals a 4o%...
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Last
$7.60 |
Change
-0.160(2.06%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $7.76 | $7.82 | $7.52 | $25.53M | 3.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42495 | $7.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 12868 | 2 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
