A couple of points worth mentioning. Cameco recently announced a 20% decrease in forecast uranium production and their share value increased by 5 %. Pdn following their decline in uranium production also about 20 % because of water issues, ( drought followed by flooding) dropped about 60 %. Anyone would think they're expecting their production same again every year. The Early Stage Investor (U tube) ranked the top 5 uranium companies excluding the largest Cameco and Kazataprom and Pdn was number 4 on their list. Their reasoning was these companies are in production and have proven reserves as well and are likely to take off quicker and higher than other uranium companies. Once Pdn gets to 9.00 plus, the shorters will have to start covering their bets.
PDN Price at posting:
$7.95 Sentiment: Buy Disclosure: Held
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