Taking a hair cut like finance behind Slater and Gordon will be likely to take is unlikely for PDN imo.
If the richest and brightest are moving into uranium now then the re financing should be a lot easier?
If your in the funding game where would you be lending to? Iron ore, Legal S&G, Banks or a uranium stock with significant upside? The other side of the coin is sinking investment returns for those in the funding game. With interest rates at historic lows putting money in the bank has little appeal to most I would guess. Good business have options for funding. Borrowing costs are decreasing not increasing aren't they?
PDN management is looking tightly run, Cost management is very well run. Upside seems clear. I am often wrong of course but happy to hold PDN. I could take profits already if I felt otherwise.
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