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
$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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PDN (ASX) Chart |