Uranium could be a monster in 2014, page-7

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8horse

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23/07/14

11:57

Post #: 13701523
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Originally posted by cptcaveman ↑

Maybe, maybe not. A couple of trigger points to contend with, the first being the 40c hurdle....a lot of punters can cut and run with up to 30%.

And I think it needs to get well into the 40's before the next report comes out and people realise we're still going nowhere, sideways a best......otherwise it may slide again.

Assuming there is some good industry news (Japan, movement in spot) it may run, but then we may have to contend with the 70c placement, or whoever is left........10%, 20% gain in a year may look really good considering they were sitting on a 60% loss.

Unless there is a monumental shove I don't see it cracking $1 in the next 4 and a bit months due to the possible headwinds noted above...........a few more boxes need ticking to sure it up. A healthy gross profit being foremost in my opinion.

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There always are someone taking profit on the way up, especially share price has been pushed down hard.
When some profit taking activities are completed, we are on another leg up. It happens all the time, RXM @25c, PRU@23c... they were all at least double. PDN is 28c, at least looking for 50s

PDN Price at posting: 38.5¢ Sentiment: Buy Disclosure: Held
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Last $7.40		Change -0.775(9.49%)		Mkt cap ! $2.957B

Open	High	Low	Value	Volume
$7.55	$7.81	$7.29	$43.29M	5.804M

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No.	Vol.	Price($)
11	6802	$7.39

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Price($)	Vol.	No.
$7.40	6285	10

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No.	Vol.	Price($)
45	31227	7.400
13	10835	7.390
13	12143	7.380
13	15336	7.370
15	19516	7.360

Price($)	Vol.	No.
7.410	13430	23
7.420	18005	25
7.430	31097	19
7.440	11852	15
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Uranium could be a monster in 2014, page-7

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