pdn today 25, page-2

Friday low volume day.....
futures down http://www.bloomberg.com/markets/stocks/futures/

asx down -25
ast night dow did a recovery but problems in Europe still persist so many exit today ahead of the European and americans market opening
Pdn down 1.5 not to bad overall......no massive volumes and no massive rush for the exits in the late closing
looks like a few bargain hunters moved into the auction to buy at 118.5 ....thats 1.5c below the last insto placement......and
well below the 2017 conv note price of $US2.19 and at the time that was Aud$2.13...at that stage the asx price for Pdn was Aud$1.57/share
Rio and cameco have thrown their hats into the market ..marking the beginning of a period of consolidation of uranium producers and uranium explorers.....
cameco is now on track to raise over 1Billon dollars in cash.....its time frame isan extended one ...but that may just to put off suitors for assets that cameco has its eye on.....

it could all happen sooner for Cameco than what they state...its an open ended capital raising date.....

and there are more deep pockets out there esp in the Nuclear power industry.....

after June 30 I expect better things to happen ...with consolidation in the industry to continue whilst the price of uranium is still in the US$50 /lb range.....