Alpha1,
You said...So you telling me that PDN bought U at top price to fulfill order and in the process they made a loss. Sound business?..
Yes, Alpha. Very sound business. Considering they have brought the first new U mine into production for a decade or more they probably needed firm contracts with U.S Utilities to secure bank finance.
That being the case, it would be essential to their future credibility as a long term reliable supplier that they were able to cover the production shortfall due to minor teething troubles.
I think when Langer is ramped up and Malawi comes on stream they will be right up there in the top tier of producers. Then you will see their business acumen pay off.
And if ,as some people think, [which I don't] that there will be a glut of U mines in the future, then being the first new cab off the rank and fulfilling contracts will make this minor loss seem like small change compared to the value of new contracts they will be writing.Then watch the SP. IMHO.
Also minor point ,I agree with N.Stalker on FMG. A producer is not a producer until they bring the stuff out of the ground.No argument about sp though.....brilliant story which keeps all us hopefuls investing.
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Price($) | Vol. | No. |
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