Goldbear, I respecfully disagree (but obviously the market agrees with you, or you with the market).
The last time PDN was at 42c, U3O8 was much lower. Also, PDN was losing $70m a year, but now they have reduced their costs and the spot price is much higher.
There is always an element of speculation in every form of investment. And I am speculating that (due to ongoing developments in Japan, 70+ plants being built around the world, and the simple fact that supply has dried up due to unprofitable market pricing of uranium) the price of uranium will continue to rise. I believe PDN equity is very well placed to strongly rise from this.
40c is the beginning - burn shorters burn, page-10
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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
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |