Its not bad news at all. All it is a legal procedure, because their monies have not been paid back and therefore in default, it results in termination of the LTSA. Big deal. Anyway, it will allow PDN to negotiate other long term contracts and sell to other parties. Honestly , the behaviour of EDF is disgraceful. Was their long term supply to 2024 or whatever it was really that compromised? Looks like the way out is a restructure where both debt and equity holders tip in more money is a likely scenario. Unless EDF reconsiders its position.
Its not bad news at all. All it is a legal procedure, because...
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Last
$7.66 |
Change
0.060(0.79%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $7.70 | $7.74 | $7.54 | $18.80M | 2.460M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2138 | $7.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.68 | 750 | 1 |
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| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
