PDN 0.37% $1.37 paladin energy ltd

From what we know - it appears likely that PDN will be...

  1. 13,382 Posts.
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    From what we know - it appears likely that PDN will be substantially de-risked in terms of massive reduction $200M in debt and eliminates all risk of refinancing the 2017 convertible bond.

    The current Market Cap today is $351M AUD (Approx USD $263M) and prior to the proposed deal we had USD $443M debt

    At end of 2015 there was an announcement which explained

    QUOTE
    Pro-forma total debt reduced to US$362M (from US$443M) and comprises: 
    Remaining 2017 Convertible Bonds US$212M 
    Convertible bonds due March 2020 US$150M
    ENDQUOTE

    So we will still have 2020 convertible bond USD$150M debt left. And we have 25% less ownership of LH mine.

    I think this is a VERY positive outcome given the portfolio of remaining assets and the removal of the re-finance risk. I don't expect 90c before U price recovery to above 70 but I do expect high 20c in the near future if the deal goes through and is binding.
 
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
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