european chaos, page-5

dont underestimate, the t/o prospects of coys like PDN to larger predators.

And that goes for the developers as well, like BMN, EXT, DYL.

Larger players like comeco, areva, ge, look to secure pounds in the ground in jurasdictions friendly to their delvelopment, and none better than namibia for uranium.

Dont recall too many greenies standing over there shouting "no nukes" for rossing, or LH.

It just takes a hiccup at cigar lake, to throw the supply demand excess out of balance, what then for the previos analysis???

ALso short term too, as more reactors are being built, and the credit crunch will restrict new expansions, or developements.

Add to that, that U can be purchased off the spot market by the hedge funds, accounting for the spot rise to 138, and also for the dumping and oversold to 40 something. So, factor those players in again, when things start to move.

plenty of upside, as well as the fact that PDN is no1 choice for blue chip U investments, super funds have to put money in somewhere.

cheers