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.
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Last
$13.66 |
Change
-0.320(2.29%) |
Mkt cap ! $4.109B |
Open | High | Low | Value | Volume |
$13.78 | $13.88 | $13.62 | $6.428M | 467.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 2044 | $13.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.67 | 982 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1318 | 13.670 |
12 | 3813 | 13.660 |
13 | 5037 | 13.650 |
13 | 4730 | 13.640 |
11 | 3897 | 13.630 |
Price($) | Vol. | No. |
---|---|---|
13.680 | 138 | 3 |
13.690 | 2542 | 12 |
13.700 | 2500 | 10 |
13.710 | 5016 | 11 |
13.720 | 2333 | 8 |
Last trade - 11.02am 12/07/2024 (20 minute delay) ? |
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PDN (ASX) Chart |