a dead duck, page-20

The reality is pdn are in deep shit. With 300 000 000 million dollars debt having to be re paid in 2015 that is a big ask. 2 things need to happen and they are both possible. The uranium price needs to go up and go up substantially and hopefully that will happen early next year. And secondly they need to sell a slice of the LH mine for a good price, which is unlikely at the moment. Why would potential buyers want to pay a fair price when there is a real possibility they can pick the whole mine up for a bargain in a liquidation sale? Pdn may be better off to wait for the u price to go up before negotiating a sale, atleast that way they may get a decent price. But can they wait, will the potential buyers ever be willing to pay a fair price?
So this will go one of 2 ways, this company will go belly up or it will survive with further share price dilution. I dont see pdn as an investment i see it as a real gamble where there is a 50 per cent chance that you could lose 100 per cent of your money.

Personally i hope pdn survive and if they can get over there debt issues they will one day be a strong prosperous company but if that time ever comes it will be years from now.