australian stock report, page-2

brokers are jokers. How can they have a target of $7 when the price of U on the spot market is falling?

Most of you say that the long term price is around $95 but PDN has not contracted with anybody to sell this at $95. A proper valuation should (if at all) be done on the spot price for PDN and not on the long term price.

PDN is currently selling U at $60 I think.

Sentiment will be the one to drive this stock and not joker reports.

What about RBC who said this was going to $12? I think this report must be still on PDNs website.

I think PDN will hover around this price for a long time. I could be wrong but I can't see a catalyst to push this stock up apart from traders.

If it goes to $6 I will lighten for sure. I am done with this stock for the moment. I think there was a lot of hype in froth in this nothing more.

The risks associated with things going wrong are pretty high and the market has caught onto it.

The best thing that can happen is for the QLD governement to allow U mining but that may not happen. Therefore, PDN should sell their stake in SMM to Areva and do a share buy back.