Re Cigar Lake production problems - this is GOOD news for PDN, not bad news! Cigar Lake is owned by Cigar Lake is a joint venture owned by Cameco Corporation (50%), AREVAResources Canada Inc. (37%), Idemitsu Uranium Exploration Canada Ltd. (8%) and TEPCO Resources Inc. (5%).and is world's largest undeveloped high-grade uranium deposit proven and probable reserves of more than 232 million pounds U3O8 but now apparently unobtainable because of sever flooding in the mine. Or at least there will be very costly solution and long long delays in getting any usable ore to the Rabbit Lake processing plant! This is what is making the U spot proce go up imho, and this why my sentiment is buy pdn. But DYOR!!!!! I hold pdn, dyl, bmn, ags, smm and uxa, part of my U-stocks which is about 30% of my potfolio, and I will hold mid to long despite downrampers!!! LOL
shortages and cigar lake, page-6
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Last
$10.09 |
Change
0.190(1.92%) |
Mkt cap ! $3.016B | |||
| Open | High | Low | Value | Volume |
| $10.16 | $10.19 | $9.99 | $15.71M | 1.562M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1986 | $10.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.10 | 5000 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |