Of course there was obvious risk in 2015 but there was also a big potential reward.
At the start of 2015 U was around sitting just under $40/lb after a steady rise in the second half of 2014 , with Japan set to restart reactors, and other new world reactors continuing to come online. Lots of analysts were predicting $60/lb by the end of that year and some were predicting a more protracted rise. I don't recall seeing any analysis warning the price would dive to $20 by the end of that year, yet that is obviously what happened, with the unexpectedly slow pace of restarts being a major factor.
PDN became a spec stock as soon a Fukushima happened, and if U had risen to $60 instead of collapsing to $20 by 2015, PDN would be raking in $100 mil/year and this would have been a multi bagger.
Guess what, that's the downside of spec stocks, and whining about losing or gloating "told you so" are equally unedifying behaviours.
The upside of specs is that while you can only lose 100%, you can also gain many times that.
I lost a good 75% on this one after cutting some losses at 15c, but hey, some of my other speccy's including MNS and TV2 have rewarded handsomely.
So to everyone who lost out this time, chin up, DYOR, keep having a crack at the big one, and only risk what you can afford to lose.
And who knows, there's still a 0.1% chance the administrators could pull a restructure out of their A$$es
PDN Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
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