Half-full
Your figures are quite correct ...
However ... They dont take into account a takeover situation, which is effectively happening. If Cameco made it known they were after PDN, what would happen to the SP? Do you think it would stay at $4bill MC?
Of course not ... watch it run to $8 as fast as you can say: "Yellowcake!". Suddenly analysts and Special Situation Funds are running their ruler over every ounce PDN has in the ground & working out what is FAIR VALUE ... suddenly it is a different ball game, bear market or no bear market ... and then look to see any successful bid in the $10 plus region.
Your figures are surmising NORMAL conditions ... EXT is not in a normal situation. You are talking a cashed up RIO TINTO whao are looking for a multi billion dollar resource to fuel their uranium processing plant long-term. They want it ...this is peanuts for them.
Think normal here & you miss out
cheers
ext fair value ?, page-4
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Last
1.1¢ |
Change
-0.002(15.4%) |
Mkt cap ! $18.42M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.1¢ | $88.31K | 7.740M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2074837 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1595413 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| EXT (ASX) Chart |