Considering that the current spot price has dropped back to $21.50, and it is costing pdn more than that to produce, and according to the last quarterly they are selling at spot prices, they are still running at a loss and will continue to bleed cash until they either get a higher spot price, or they cease selling into spot market and secure long term contracts for all production. it really is ironic, that pdn keeps feeding material into the spot market, thus helping keep the spot price down, to its own detriment. if this co were to announce the ceasation of spot sales, then it might be worth a punt, but I doubt management are that smart.
Ann: Notice of Change of Interests of Substantial holder, page-29
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Last
$8.17 |
Change
-0.130(1.57%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.22 | $8.31 | $8.13 | $21.70M | 2.652M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 129 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.17 | 11735 | 3 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
