Existing shareholders would be cleaned out given they only retain 2% of their original holdings. However, the pro-forma balance sheet is now $239m with 1.7 billion stocks on issue. They have $92m cash and $89m debt, so slightly cash flow positive. This implies net assets of around 13c per stock or so. The current price is 4.7c.
I think the past cash thrown in was bad, but going forward, may actually be a different story.
Existing shareholders would be cleaned out given they only...
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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 |
