Oh no Elio hates facts such as these. You're going to give him...

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25/07/16

22:49

Post #: 18363422
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Originally posted by dj_420 ↑

elio that is blatant stupid ramping. You're either trolling the threads or you have absolutely no idea how to come up with a sensible valuation.

To start with some facts. PDN peaked on the ASX 10/04/2007 at $9.66 per share. At this time shares on register were 501.55 million giving it a market cap of AUD $4.844 billion.

This price coincided with U308 prices at around US $110 per pound. U308 prices peaked by the way at US $136 per pound June 2007.

This is based on 100% ownership of LH.

Fast forward to today. Shares on issue are 1.713 billion. Share price is AUD 20.5 cents giving a market cap of AUD $351.1 million.

Now your lofty target is $20 per share. So at $20, and assuming no more dilution at all, would give a market cap of AUD $34.26 billion. Or a 700% increase over the peak attained in 2007.

All with the U308 price at US $27.

And based on 51% ownership of LH.

The problem PDN has now, is that it has sold 49% of the golden egg laying goose at the bottom of the market.

Even if U308 price recovered to say US$100 per pound. And the share price achieved half of what it was at its peak (based on 50% LH) then you would be looking at a sp around $1.40 assuming no more dilution.

And this isn't even considering the fact that at it's peak the PE ratio was over 200:1.

I would estimate that the maximum PDN is going to be able to get to without dilution, and hitting production targets at LH and K (coming back online) is ~$1.00 plus maybe 1.50. AND based on U308 price having a substantial increase.

Now that is a ballpark estimate, without looking at additional production figures, etc, etc. But people need to have a realistic price expectation here. How people think the PDN shareprice is ever going back to ~$10 is wildly over optimistic.

People will argue that PDN have lots of additional resources in the ground. And I acknowledge it does. However, a huge portion of it's resource base is in Australia. One of the most unfriendly uranium mining districts in the world. I have sincere doubts that PDN will ever get to build a uranium mine in Australia.

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Oh no Elio hates facts such as these. You're going to give him nightmares. All that numbers mumbo jumbo is getting in the way of a few punters dream house.

PDN Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last $11.40		Change -0.035(0.31%)		Mkt cap ! $3.417B

Open	High	Low	Value	Volume
$11.66	$11.66	$11.33	$7.316M	638.4K

Buyers (Bids)

No.	Vol.	Price($)
8	2064	$11.39

Sellers (Offers)

Price($)	Vol.	No.
$11.40	874	7

View Market Depth

No.	Vol.	Price($)
21	3444	11.370
11	4335	11.360
19	14453	11.350
10	10331	11.340
7	7425	11.330

Price($)	Vol.	No.
11.390	4283	23
11.400	4706	23
11.410	3405	13
11.420	6080	10
11.430	7398	7

Last trade - 12.02pm 29/07/2024 (20 minute delay)

PDN (ASX) Chart

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