Extracta and Eric are spot on.
I took a punt in 2015 when they were paying down debt and was more optimisitic about the demand of uranium but it appears to be a loosing bet with the spot price below $20USD again its a total disaster for PDN.
When the price got to $26 their was hope of reaching at least $30 their would be a future, battered and bruised but the company would go on.
I don't even know why China would want to buy any uranium mine with the spot prices so low they could scoop up anything under $30 an ounce and stockpile it.
Spot Uranium Prices Take a Dive, page-12
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Last
$11.18 |
Change
-0.250(2.19%) |
Mkt cap ! $3.351B | |||
| Open | High | Low | Value | Volume |
| $11.66 | $11.66 | $11.18 | $25.19M | 2.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8339 | $11.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.24 | 800 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |