Nightstalker
At risk of stating the obvious the only problem that remains with PDN and the reason for its lagging SP is the low U spot price.
Reserve increases at LHM only add value from a long term strategic point of view, if one believes in the strategic value of uranium going forward and a significantly higher spot and contract price.
The reality is that FY sales to June 2011 averaged a sale price of $US 54/lb, which clearly isn't enough for PDN to generate a Operating Cash surplus (FY10 had a Net cash outflow from Op. Activities of $41.9m)
Put simply from a cashflow point of view PDN continues to burn money, therefore the market continues to price in a further dilutionary cap raising.
I can understand if someone takes a long term strategic punt on PDN, but there should be no confusion as to why the short term SP continues to lag.
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NightstalkerAt risk of stating the obvious the only problem that...
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Last
$9.79 |
Change
0.820(9.14%) |
Mkt cap ! $2.928B |
Open | High | Low | Value | Volume |
$9.80 | $9.98 | $9.66 | $39.14M | 4.002M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8 | $9.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.80 | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8 | 9.790 |
1 | 7 | 9.780 |
1 | 7 | 9.770 |
1 | 7 | 9.760 |
3 | 23291 | 9.750 |
Price($) | Vol. | No. |
---|---|---|
9.800 | 15000 | 1 |
9.820 | 5 | 1 |
9.830 | 7 | 1 |
9.840 | 20016 | 3 |
9.850 | 7 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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