The only time you can say a stock has bottomed out with 100% certainty is when the stock price is $0.000
At the moment PDN is not is a good position for a down trending U price. They can hold out for a while at least. I suspect it will get cheaper from here as the risk of it not holding out long enough increases.
What non-holders need to see to buy on-mass is a global increase in Uranium demand and/or a global decrease in supply. More Nuclear power generators and a few U producers closing its doors would be a step in that direction.
So the questions are;
Which producers will close their doors first;
How much production will slump from these closed miners?
At what Uranium price(s) does it take to reduce global supply (via closed mines and so forth) to the point where it cannot go down further to due to demand? <--- if you can answer that question with good accuracy you will be well on your way to investing successfully in uranium miners.
has it bottomed out?, page-196
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PDN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$13.99 |
Change
0.010(0.07%) |
Mkt cap ! $4.182B | |||
| Open | High | Low | Value | Volume |
| $13.78 | $14.02 | $13.62 | $27.61M | 1.999M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 198 | $13.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.00 | 5278 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |