To Fellow PDN Shareholders Affected by Recent Events:If you have...

To Fellow PDN Shareholders Affected by Recent Events:

If you have experienced losses due to the substantial share price decline following the November 12th announcement, you may wish to consider joining others in seeking recourse. as i have done so. The 22% share price drop has significantly impacted many retail investors and shareholders.

Slater and Gordon is currently investigating:

• The production guidance announced on June 27, 2024
• The subsequent downgrade on November 12, 2024
• Potential misleading and deceptive statements to the ASX
• Possible breaches of continuous disclosure obligations

If you purchased PDN shares between April 2, 2024, and November 12, 2024, you can register your interest in the potential class action through Slater and Gordon's official channels.

From what I've been watching unfold with PDN's trading patterns, I believe we're about to see some serious action regarding the shorting activities. Here's what I think traders should be aware of:

Timeline Under Scrutiny: 2 April 2024 - 12 November 2024(In my view, suspicious activities before this period will likely come under the microscope too)

The Legal Framework They'll Face:Based on Corporations Act 2001 Section 1020B, I expect all shorting activities will face intense examination, particularly:

• Verification of legal position coverage
• ASIC reporting accuracy
• Substantial holding notice compliance
• Any signs of coordinated trading patterns

Why I Think Short Sellers Should Be Worried:The ASIC Market Integrity Rules aren't just guidelines - they've got real teeth:

• Rules 5.11/5.12: Every short position must be disclosed
• Serious consequences: Up to 5 years jail + $1M civil penalties
• Market manipulation is a major no-no (Section 1041A)
• Making false/misleading statements = big trouble (Section 1041E)

About Slater & Gordon's Investigation:In my opinion, this is about to get ugly. I believe their investigation will:

• Dig through ALL trading records and communications
• Expose any coordinated trading schemes
• Match position timing against market info
• Uncover any disclosure breaches

My Warning to Those Who Shorted:I firmly believe every trade will be examined with a fine-tooth comb. If you were shorting during this period, I expect your activities will face serious scrutiny. From what I can see, they'll likely investigate patterns from before April 2024 too.

My Advice: If you've been playing games with PDN shares, you might want to make sure your records are spotless.

Shorters chart snapshot from shortman.com.au

PDN the most shorted stock on the ASX is a totally ridiciously proposition, with demand for energy globally. but don't' take my word for it, how about we investigate the top shareholders and their collaborators ( this is where you find the investigation gets intresting ) . I personally believe in the PDN story, with cash flow positively charged ( excuse the punt lol ), brokers sentiment being a buy, Langer Heinrick Mine back on line with production 23% up form last quarter directors buying shares, Canadian Approval, and most importantly global demand for nuclear energy and Uranium prices to exceed 80 USD/LBS in the immediate future

DISCLAIMER: These are my personal opinions as a PDN shareholder based on publicly available information. I have no affiliation with any legal firm or regulatory body. This isn't legal or financial advice - do your own research and consult professionals.