feeling good for the first time in a while, page-8

Fiscal cliff is not issue. It will be sorted eventually.

I would be more worried about the effect of hitting the debt ceiling which I believe is due in March/April ? With a dysfunctional congress it will prove difficult to negotiate their way through that one....but negotiate they will... causing significant market disruption along the way.

I expect the market will refocus binoculars onto this in the next 2 weeks or so.

Then watch out.

I like PDN and in fact owned some, but sold out ages ago when clearly they were struggling through commissioning.

My main reason for watching them now is their independent status and the fact they have 2 running plants that are out of commissioning phase and setttling into optimisation phase. Both producing U at or above cost. I like it.

A tasty morsel for someone bigger now that all the hard work is done.