why lower?, page-3

But I don't know how many times it needs to be pointed out that PDN doesn't sell their uranium at spot price! They sell at long term contract prices.

No - the main reason PDN went down a bit is that there is specualtion that the USA/Russia nuclear disarmament talks will result in a resupply of uranium from the decommissioned warheads, as it did several years ago.

And don't forget, PDN is still in an uptrend, which by definition, has to have higher highs AND higher lows. The uptrend is intact.

PDN also has a puzzling problem, being dual listed here and on the Toronto exchange - due to time zone differences, nobody is quite sure whether they are following our lead, or we're following theirs! So the swings tend to get exacerbated a bit, as each side of the Pacific follows what the other has just done, until significant buyers or sellers see the opportunity to jump in and reverse the intraday trend.

The other problem for PDN is that short sellers (parasites) have a field day with PDN, using bots to drive prices down when they go on a shorting run. Of course, they eventually have to cover, hence the swings that PDN undergoes.

For example, yesterday, over 44% of all trades in PDN were shorts!

See http://www.asx.com.au/data/shortsell.txt