Ann: Successful Completion of A$200 Million Placement, page-36

You are correct @SHRay

I have a very substantial holding in PDN mostly bought under 15c a lot under 10c.

I have continued to sell all through mid 80 to high 80s and used proceeds to take up some new market opportunities and topped up some extremely oversold positions I already hold.

No matter what the longer term outlook for the company, I remain convinced the market will correct severely later this year or during next year. It will take everything down with it. As such, I will continue to build my cash position and take profits on everything that has run hard. As well as U3O8, REE, Lithium, cobalt and coal and oil have also been very strong performers over the last 6 months and I am taking profits on each.

I was hoping to add $30k back into PDN on a CR in the 60s. At low 70s it is not going to happen as the $15m available via SPP is rubbish.

I am trying to resist selling PDN but as an investor who knows my own weaknesses and strengths I don't need to be greedy now, while we remain in a bull market.

I want to have lots of dry powder when we are in a bear market. I will never get the timing right but rising interest rates, declining liquidity, slowing global growth and sky high prices point o only one outcome in my book.

GLTASH