Well planned by PDN. With the LHM cash flows finally about to hit, after 3 years of planning, it's great that the company already has a fully supported growth (M&A) option.
It seems the right scale. I like the high grade, shallow ore body and 5year potential development timing in the best uranium province in the world. This brings growth into the frame much sooner than previously expected from Michelin or WA/QLD assets.
This proposal has arrived 9-12 months earlier than I expected the company to detail their next direction. Provided LHM delivers to plan and given the lucrative uranium price expectations, this is a bite sized acquisition.
Well done PDN.
There may be some SP weakness over the next few months, but once the LHM profits become fully crystalised, the market will view the near term and mid-term growth potential favourably.
FT
Well planned by PDN. With the LHM cash flows finally about to...
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Last
$10.40 |
Change
-1.260(10.8%) |
Mkt cap ! $3.109B | |||
| Open | High | Low | Value | Volume |
| $10.77 | $10.77 | $10.15 | $58.97M | 5.696M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $10.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.40 | 2536 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |