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"There is no need for uranium in the next 30 years"30 years...

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RoosterRX

253 Posts.

76

20/10/19

02:57

Post #: 40971990
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Originally posted by Jack1960: ↑

My very sweetest investments have been absolute overnight ball busters, after I had held them for 8 - 10 years. Gold did it for me 10-15 years ago, then iron ore, then lithium, now uranium. Hot/not/hot/not etc. just like the investor's playbook has said for 100s of years

I really enjoy reading about investors who capitulate after a paltry 4 or 5 years of disappointment (usually after buying in at high prices).

There is no need for uranium in the next 30 years, so why would anyone want to own a business that mines it? Just like when gold was just a shiny metal, that pays no income. Who wanted it at $400/oz. Love it.

The boom and bust in mining is usually the euphoria/despair of investors...in reverse. There is a time to be invested, a time not to be invested and because no one on earth can really pick those times, there is the patience required in the middle!

PDN may not have the cash to outlast the price slump. I accept that risk. But if they do, this is the sort of price that 10-20 baggers are built on.

Not advice, just a lot of experience.

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"There is no need for uranium in the next 30 years"

30 years before utilities need to contract for more uranium seems extreme to me. What's the rationale?

PDN Price at posting: 8.9¢ Sentiment: None Disclosure: Not Held
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Last $11.78		Change -0.030(0.25%)		Mkt cap ! $3.523B

Open	High	Low	Value	Volume
$11.55	$11.89	$11.44	$24.62M	2.101M

Buyers (Bids)

No.	Vol.	Price($)
1	852	$11.73

Sellers (Offers)

Price($)	Vol.	No.
$11.79	7746	3

View Market Depth

No.	Vol.	Price($)
1	852	11.730
2	44138	11.700
3	2119	11.690
2	2481	11.680
2	14829	11.670

Price($)	Vol.	No.
11.790	7175	2
11.840	12450	3
11.860	8000	1
11.870	10545	2
11.900	10662	3

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