ERA is getting price support from a wealthy individual who has...

ERA is getting price support from a wealthy individual who has doubled his holding since last year:
http://www.smh.com.au/business/mini...uyer-builds-stake-in-era-20150625-ghxrum.html

Lots of emotion and irrationality in the comments here.
PDN has been on my watch list for some years after a brief trade a while ago. The crazy conspiracy comments don't engender much faith that I should be a buyer.
My brief review suggests that the falling uranium price coupled with PDN production costs and debt load tell everything needed to explain the price decline.

The question is whether uranium prices will rise. If they do, PDN is well leveraged to increase substantially.
If it stays low for an extended period, PDN will be out of business.
There is a reasonable argument to be made that U can't stay in the doldrums forever, but like when oil was hitting $28 lately, there is an element in the market that can see no rebound.

Not sure it is good buying at this level even, when sentiment remains strongly negative and no change on the horizon except maybe the Chinese.