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$7.78 paladin energy ltd

Please enlighten us on your intimate understanding of Molley's...

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jambaruch

58 Posts.

12/09/17

08:09

Post #: 27144702
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Originally posted by Scagnetti ↑

Actually no, I don't blame Molyneux for the current state of affairs. Not at all. Anyone that does is just looking for a scapegoat and refusing to accept responsibility for their own investment decisions, imho.

I mean yes, Molly took a massive gamble. Deciding against entering into offtake agreements and relying on a rising spot to fill the company coffers was a pure roll of the dice. And it didn't pay off.

But to be fair, he was brought in when the company was already in a parlous state. And he did an admirable job cutting costs to bare bones (not just operational efficiencies at LHM but management wage cuts too)

And even more importantly, he kept the market informed of the current state of the company and its forward strategies. Detailed updates, investor teleconfer boxes, explanation of risks, the whole box and dice

The road to ruin was sign posted by the company every step along the way. No one should be surprised or angry to have found themselves in this position. This was always a reckless gamble.

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Please enlighten us on your intimate understanding of Molley's motives. You sound very very close to the source Extracta.

PDN Price at posting: 4.7¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last $7.78		Change 0.120(1.57%)		Mkt cap ! $2.955B

Open	High	Low	Value	Volume
$7.63	$7.85	$7.59	$24.38M	3.144M

Buyers (Bids)

No.	Vol.	Price($)
1	1636	$7.77

Sellers (Offers)

Price($)	Vol.	No.
$7.78	13804	2

View Market Depth

No.	Vol.	Price($)
10	433612	0.140
15	580980	0.135
12	228160	0.130
10	690000	0.125
12	234104	0.120

Price($)	Vol.	No.
0.145	466113	7
0.150	442890	9
0.155	357490	7
0.160	249999	9
0.165	881568	19

Last trade - 16.10pm 03/12/2024 (20 minute delay)

PDN (ASX) Chart