I think you holders are being a little harsh on yourselves and the PDN management. PDN fell today because the whole ASX energy and materials sector was a blood bath. How many other stocks were down 10, 15, 20% - lots that I can see.
The price of Uranium has been rising of late and PDN successfully got some much needed cash by selling 25% of its flagship U mine for $190 mill. It is now shoring up the rest of the balance sheet with an institutional and retail share offer than averages about 31c (correct me if I'm wrong) for a further $205 million in cash.
Add this to cash holdings of $209 million and a mining operation that this year has been turned around to a small profit after some big losses in recent years and PDN is looking pretty much set to be in prime position for 2015.
Total cash will be over $600 mill. Overall debt is also at $600 mill (funny that). PDN is one of the biggest uranium miners in the world and yet its market cap is a little over $300 mill.
Want to make a bet on the uranium industry? Show me a better bet than PDN.
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Last
$11.83 |
Change
0.060(0.51%) |
Mkt cap ! $3.538B |
Open | High | Low | Value | Volume |
$12.00 | $12.32 | $11.66 | $46.16M | 3.848M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 436 | $11.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.85 | 15265 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 436 | 11.810 |
6 | 37287 | 11.800 |
3 | 11760 | 11.790 |
1 | 11323 | 11.760 |
2 | 1625 | 11.750 |
Price($) | Vol. | No. |
---|---|---|
11.850 | 15265 | 1 |
11.930 | 4201 | 1 |
11.990 | 1395 | 2 |
12.000 | 100 | 1 |
12.010 | 1817 | 2 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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