This is beyond farcical.
The uranium industry still needs to learn what collusion and cartel mean. Learn from the oil industry.
Rather than Cameco regarding PDN as the enemy, they should all do what appears to be the only thing that is going to save the industry - STOP PRODUCING IMMEDIATELY AND NOT START AGAIN UNTIL SPOT PRICE GOES ABOVE $100.
At the moment, the traders are in total control due to a weak industry that is not prepared to make the tough decisions that need to be made.
Stopping production would send the Chinese, the shorters and everyone else running and scare the sheet out of them. PDN would go above $1.
Unless action is taken by the industry, there is no bottom. The bottom will be when there is no longer an industry. The way prices are right now, it will take less than 2 years for total collapse of the whole market.
Company debt?, page-15
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Last
$10.16 |
Change
-0.040(0.39%) |
Mkt cap ! $3.038B | |||
| Open | High | Low | Value | Volume |
| $10.00 | $10.24 | $9.96 | $17.95M | 1.771M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5383 | $10.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.19 | 1000 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |