elio that is blatant stupid ramping. You're either trolling the threads or you have absolutely no idea how to come up with a sensible valuation.
To start with some facts. PDN peaked on the ASX 10/04/2007 at $9.66 per share. At this time shares on register were 501.55 million giving it a market cap of AUD $4.844 billion.
This price coincided with U308 prices at around US $110 per pound. U308 prices peaked by the way at US $136 per pound June 2007.
This is based on 100% ownership of LH.
Fast forward to today. Shares on issue are 1.713 billion. Share price is AUD 20.5 cents giving a market cap of AUD $351.1 million.
Now your lofty target is $20 per share. So at $20, and assuming no more dilution at all, would give a market cap of AUD $34.26 billion. Or a 700% increase over the peak attained in 2007.
All with the U308 price at US $27.
And based on 51% ownership of LH.
The problem PDN has now, is that it has sold 49% of the golden egg laying goose at the bottom of the market.
Even if U308 price recovered to say US$100 per pound. And the share price achieved half of what it was at its peak (based on 50% LH) then you would be looking at a sp around $1.40 assuming no more dilution.
And this isn't even considering the fact that at it's peak the PE ratio was over 200:1.
I would estimate that the maximum PDN is going to be able to get to without dilution, and hitting production targets at LH and K (coming back online) is ~$1.00 plus maybe 1.50. AND based on U308 price having a substantial increase.
Now that is a ballpark estimate, without looking at additional production figures, etc, etc. But people need to have a realistic price expectation here. How people think the PDN shareprice is ever going back to ~$10 is wildly over optimistic.
People will argue that PDN have lots of additional resources in the ground. And I acknowledge it does. However, a huge portion of it's resource base is in Australia. One of the most unfriendly uranium mining districts in the world. I have sincere doubts that PDN will ever get to build a uranium mine in Australia.
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$10.02 |
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Mkt cap ! $2.995B |
Open | High | Low | Value | Volume |
$10.15 | $10.25 | $9.98 | $13.84M | 1.374M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7226 | $10.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.04 | 2669 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7226 | 10.020 |
3 | 3600 | 10.010 |
3 | 3500 | 10.000 |
2 | 5010 | 9.990 |
3 | 10428 | 9.980 |
Price($) | Vol. | No. |
---|---|---|
10.050 | 3050 | 2 |
10.080 | 1300 | 2 |
10.090 | 28829 | 2 |
10.100 | 1000 | 1 |
10.110 | 15848 | 3 |
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