Hi Fbx258,
Thanks for posting the Shaw's report. I think they are right on the general theme but I disagree with their call of PDN being the top pick in the ASX Uranium sector. I am a holder of PDN. However I believe PEN to be a superior way to play the sector. I hold PDN for diversification and because my super only allows me to hold ASX300 companies.
Although I agree with Shaw's that PDN can restart with a lower U price than PEN, I think the amount of debt that PDN are carrying and the amount of capital still required for a restart makes PEN a far safer way for investors to play the sector. I've faced considerable pain in capital raisings in the past and I was very happy to buy into PEN after their CR, knowing that I can sit and wait for the supply shortage to do its thing without much prospect of further dilution being required.
Cheers,
Tim.
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $306.2M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 10.8¢ | $1.280M | 11.61M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 140000 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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11.5¢ | 4940204 | 19 |
View Market Depth
No. | Vol. | Price($) |
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2 | 140000 | 0.110 |
91 | 8695338 | 0.105 |
111 | 12511304 | 0.100 |
9 | 884230 | 0.099 |
5 | 402825 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 4940204 | 19 |
0.120 | 8396534 | 79 |
0.125 | 2031385 | 27 |
0.130 | 2080831 | 25 |
0.135 | 2777967 | 16 |
Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
11.0¢ |
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Change
-0.005 ( 4.18 %) |
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Open | High | Low | Volume | ||
11.5¢ | 11.5¢ | 10.8¢ | 5253309 | ||
Last updated 15.58pm 04/06/2024 ? |
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