It is absolutely clear that the share price is more subject to...

It is absolutely clear that the share price is more subject to trading manipulation than fundamentals given today's share price reaction to the quarterly update (which was generally good with no bad surprises that haven't been identified weeks ago). That's common in stock markets of this decade with loss making companies but it won't last much longer with PDN.

The financials for the quarter ending June 30 will probably show a milestone breakeven result and the sheep will be trumpeting uranium as the star commodity by then due to Japanese restarts. Don't underestimate the effect this will have on the uranium spot price. It's a fickle and thin market which will ascend very easily due to the change in the strong sentiment tied to the Japanese nuclear industry. PDN has gone through the School of Hard Knocks and is well positioned now to profit massively from the uranium price recovery.

PDN has a great future ahead and the window is soon to close on being able to buy in cheap. So, if you're thinking of getting in on the uranium story and PDN I strongly suggest buying at these depressed prices now. PDN will not be below 40 for much longer and will most definitely be 50+ within two months.