Hi NS
The spot price is relevant from the point of view that it impacts the long term price indicator and therefore prices PDN are able to acheive. A higher spot over time will translate into higher contract prices and vice versa.
PDN is simply 100% leveraged to the price it receives for its Uranium, and while that price is low (average of $55/lb over the last financial year) they are unable to generate a Operating surplus. This and the cash burn it creates has a negative effect of PDN's SP, and makes another raising somewhat likely IMO.
I agree with your point regarding bots being active in PDN's trades but they are now active all over the market. I just feel it is wrong to blame bots for all of PDN's SP woes.
I wish you and the other PDN regulars all the best. I continue to follow out of interest.
12 month price history, page-13
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Last
$13.98 |
Change
0.810(6.15%) |
Mkt cap ! $4.179B | |||
| Open | High | Low | Value | Volume |
| $13.93 | $14.28 | $13.83 | $47.88M | 3.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $13.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.98 | 6031 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |