After consolidation, top 20 are holding 95% of the new shares.
@pixel , are you thinking 95% T20 held means a shell play for a whole new ballgame?After consolidation, top 20 are holding 95% of the new shares.
Holders of the old shares lost 98% of previous volume and over 90% of last-traded value.
Of course, neither of that will guarantee the new Paladin's survival.
Glad I wasn't involved. Sold the last of my holdings in 2007 and never went back.
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I have no idea what the T20 are up to, whether they're re-opening some mines or keeping everything mothballed. All I noticed was the reappearance of PDN on the active board, at a sp rise by some 300%, which of course is due to the consolidation. I haven't read the other announcements around the relisting because at this stage, PDN is of no particular interest to me.