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The trading halt on ASX was from 16:00 pm (Sydney Time) today 6 June (i.e. the close of "normal trading"). The shares traded normally before this time.
That's a very odd RNS - definitely talking things down - I hope this isn't the announcement they're going to make in Australia when the markets reopen because the SP will be fooked again if it is imo.
You do all realise that its been suspended in Australia ! pending an announcement on friday !!!! I cant believe you can still trade in uk
still in talk....
It'll probably come later in the day Julie - something's brewing though, just did a dummy sell and can sell 20000 no problem at 28.25p
As I said yesterday, the convertible note holders decided to take equity at maturity date - AUS$15,000,000 - that's over �8.5m - roughly 19.1p per share so less than 10% discount to actual SP on 31st May. �8.5m is a big chunk of change to be risking at that discount level given our current circumstances so I see two scenarios here : 1. The noteholders think this is going to fly - could they be privvy to information we don't have - lol - or 2. They think they can dump the whole lot onto the market at a price above 21p - they could be doing that right now but not a lot of sellers on the horizon at the moment so I'm inclined to scenario 1 DYOR and GLA
Prairie Mining Limited (ASX:PDZ) requests an immediate voluntary trading halt to the Company�s securities, pending an announcement regarding ongoing discussions with JSW. The Company requests that the trading halt remain until the earlier of an announcement to the market regarding the above or the opening of trade on ASX on 8 June 2018. Strange that we are still trading in London?
It is an interesting post if you trust a someone with only two posts.
The convertible note holders seem happy enough to take equity at around 19p - good sign imho
correct - when you have potentially catastrophic news, your charts tell you FA. You buy or hold or sell depending upon your view of the binary outcome - a punt. - unless of course you have inside info!
you cant possibly follow the rsi on this if they dont have any assets then its worth nothing. I think this may go further down court case will take years.
Shows this one as way oversold, should bounce back some time soon. Topped up as it's god entry point.
...PDZ zzzzzz ! And this was my 'go to' share ...Ouch !!!
It’s a scandal.
They did still go out of their way to mention that the JSW talks are still proceeding. It would have been easy not to mention that. It's not much of a positive, but I would rather they had said it than not. Although what such neogications would look like I am not sure. If Prairie sold the mine to JSW for a knockdown price presumably that is what the MoE is fishing for as I imagine that is more achievable than stealing it directly.
Looks like a breakdown here - going to be a long haul. Real shame politics and greed have popped up
There is possibly still a difference over the area of the permit. The ministry might award PDZ the rights to the smaller zone by 30 June. Some sabrerattling still going on but the RNS might indicate some progress following hot air on both sides.
Looks better but why is there a need for full court proceedings which could take 12 months or more? The RNS doesn’t really say what is going on.
Some positivity following the bad news last month. Should start to see the beginning of a climb in SP back to where we were just a few weeks back.
I hope pdz stick it to the polish govt, do not be intimidated by them.
It was poss that the moe would signed off as this was an admin oversight. Now with the passing of time, this does not look likely. Thats all. Still made a bit