I agree that the spot price is no good. Current pricing means...

I agree that the spot price is no good. Current pricing means the whole industry will go belly up soon.
However, look at the market depth in PDN – there is plenty of buying interest in it – hardly a sign that the current spot price is very credible and that the industry is collapsing.

Also, what do you think the “fair” price of PDN was when the uranium price was much stronger? 60 cents? 70 cents? 80 cents? Yes uranium prices have fallen almost 20% and this is no good and unsustainable, but to be fair PDN was already trading at a very heavily discounted price. People are starting to wake up to this and are buying, despite the recent crash in the uranium price.

I am personally not giving in – the buyers know they are getting a bargain – that is why they are queueing up big time and trying to suck as many people in as possible by creating the fear.