We dont know and wont know until a deal is done. What we do know...

We dont know and wont know until a deal is done. What we do know is from earlier in the year various proposals were floated and these had support from stakeholders. Woods and his team may revisit these or put forward a completely new proposal. We just dont know. However, PDN retains 75% of LHM which is valuable plus its other assets, so a deal is well and truly possible. The depressed U price is the issue here but it wont be depressed forever. I did a bit of sniffing around re CNNC and i cannot phathom what has transpired here. One other poster mentioned it and may have currency is that there are financial issues in China, that is supported by recent reports of China pulling in capital. It appears there is trouble in the middle kingdom. The fact that PDN retains 75% is great news for shareholders, its a big positive step. PDN is still not out of trouble, make no mistake, but there is certianly some light at the end of the tunnel. I suspect if they can nut out a deal and all goes well 4-8 weeks is reasonably to re list. But who knows.