re: Ann: US$50M Payment Received from Long Te... karenandmia
have not gone away..back in australia..been in hospital for 2 wks and now waiting on operation next week.so you can understand...I have other issues to deal with at this time..but am still holding my pdn for the big run up....
the US$50 mill and the bal to come in jan 2013 is like an interest free loan for pdn and no re-payments (supply uranium) for many year to come
its only the slack market conditions and the shorters taking advantage of weak positions that is holding the price down.....
the sooner they ban or regulate the high frequency trading the better...now even the brokers and the asx are complaining...they are all losing money.....they want asic to fix the problem before they crash our markets like they have done so many times in the US.....
Pdn is not the only stock under attack....but a 12 month ban until new regulations can be put in place would stabilize the market......investors are fed up with robotic trading and walking away from trading and investing......
The high frequency trading beats one out of a buy or sell order..they see the orders before they can be executed and jump ahead of everyone...not a level playing field.....and most are offshore funds that are taking the money out of australia once they have ripped everyone off....
regards
al1
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