citi drops target from 40c to 25c ( sell), page-73

I just saw this... what a load of rubbish you are talking about and using Citi without a source to say their target was 25c.

Maybe we should get you sued for making false statements and rubbish. That's what the old EGO board would have done, sueing critics for defamation: http://www.smh.com.au/business/empire-strikes-back-against-shareholders-20130521-2jyod.html

Firstly, CNNC paying $190m USD (or $A 216m) for 25% share of Langer Heinrich. That equates 100% of Langer Heinrich's value as $A864m, compared with PDN's current market cap of $535.1m

Enterprise value of the company would be $1,071m

Let alone we haven't added the value of the Kayelekera mine and the value of all the other exploration assets.

Even after debt, PDN's share price is definitely over 60c by any factor.

Despite current depress uranium prices, similar to how nickel was, the near future could see demand outstrip supply. The United States Navy will always (no matter how much debt they have) will operate nuclear powered submarines and aircraft carriers. Let alone Japan looks to reinstate nuclear power, China is heavily polluted and the govt there is cutting coal usage as percentage of total energy consumption from 70% to 67% within the coming 5 years. These factors alone will see both China and Japan will cut coal usage and increase natural gas and nuclear usage. Justification for that is why would a Chinese SOE buy in 25% of Langer Heinrich? Not to mention the other Chinese SOE CGNPC owns neighbouring Extract Resources.

Buying in now, is about predicted the future outlook and future earnings.