Goldbear, I respecfully disagree (but obviously the market agrees with you, or you with the market).
The last time PDN was at 42c, U3O8 was much lower. Also, PDN was losing $70m a year, but now they have reduced their costs and the spot price is much higher.
There is always an element of speculation in every form of investment. And I am speculating that (due to ongoing developments in Japan, 70+ plants being built around the world, and the simple fact that supply has dried up due to unprofitable market pricing of uranium) the price of uranium will continue to rise. I believe PDN equity is very well placed to strongly rise from this.
40c is the beginning - burn shorters burn, page-10
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Last
$11.87 |
Change
0.020(0.17%) |
Mkt cap ! $3.550B | |||
| Open | High | Low | Value | Volume |
| $11.83 | $11.92 | $11.72 | $21.23M | 1.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 687 | $11.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.87 | 441 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |