A Chinese take over adds up in a macro strategical sense. The excerpt below was published today in The Australian (validity of statement unconfirmed).
‘Game on’ for Olympic Dam: BHP
China’s imports of uranium are expected to rise sharply in the next few years as it rolls out of the world’s most ambitious nuclear development program. There are more than 38 nuclear power stations under development or consideration and last year the government approved a plan to increase nuclear generation to nearly 60 gigawatts of installed nuclear capacity by 2020, up from 15.69GW now.
Re Tommtwo's comments. I agree. I need a ten-bagger takeover bid from today's price to make any money... unlikely.
China National Nuclear Power tipped to Buy PDN, page-9
Add PDN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$10.09 |
Change
0.190(1.92%) |
Mkt cap ! $3.016B | |||
| Open | High | Low | Value | Volume |
| $10.16 | $10.19 | $9.99 | $15.71M | 1.562M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1986 | $10.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.10 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |