Why would the creditors revived a loss making producer? I can only think of cleaning up the accounts and write off the debt to start again, without the existing equity holders. Is it a good time to recapitalise the company back into trading again?
3 sucker rallies so far and I am sure on each occasion folks were thinking reversal? The risk from this sector is being reminded each time you see a breaking news on an earthquake around Japan! I just can't see any real fundamentals that will change the sentiment with so many competing energy source. This is like a Green party go to energy source when they are desperate and tolerate the abandonment of radioactivity to compliment their ideology.
6 years into Fukushima and I suspect plenty more years before the light at the end of the tunnel. By then the only billion dollar U company in Oz is the number of shares on issue.
Why would the creditors revived a loss making producer? I can...
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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 |
