riskup thats nonsense. i enjoyed my ride up from 30.5c - clealry being pushed down by haters at that point.
but on my calcs the stock is worth about 40c unless the contract price gets up to $US50/lb. a cent or 2 either side of 40c/share to me is just signal noise
nothing wrong with people gambling the spot will go higher again - but selling at these levels had less to do with shorterts and more to do with a rational balance between things as they are and things as we would like them to be.
dont forget pdn currently has $200m cash, loses about $70m a year in cash burn and has a $300m CB to renegotiate in 12 months. So its effectively negative $170m cash position and wont start making money until cotnracts are above $50/lb as i understand it./
personally i think pdn will push on.
but only a madman would think buying it at 42c/share today is buying it cheap on a fundamental basis.
it may end up being cheap if uranium price continues its run - but thats speculation, not investment
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Last
$13.07 |
Change
0.130(1.00%) |
Mkt cap ! $3.907B |
Open | High | Low | Value | Volume |
$13.00 | $13.11 | $12.78 | $30.12M | 2.321M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 7872 | $12.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.07 | 8830 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 7872 | 12.970 |
1 | 2000 | 12.950 |
3 | 8355 | 12.940 |
2 | 27540 | 12.930 |
2 | 10774 | 12.920 |
Price($) | Vol. | No. |
---|---|---|
13.070 | 5637 | 3 |
13.080 | 25754 | 2 |
13.090 | 4140 | 1 |
13.100 | 11771 | 3 |
13.120 | 10784 | 3 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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PDN (ASX) Chart |