How low will Uranium spot price go? Who knows, but IMO not much further.
The price is trickling down at the moment but the lower it goes the more dramatic the reversal will be.
This dramatic reversal will come and with it so will the PDN share price.
I am happy to wait. Of course you need to keep a eye on what is happening and constantly assess your position but at the moment I'm still content.
Uranium and PDN will have it's time again and I believe that the time will occur within the next 10 - 12 months.
One of my concerns was with the overall market and a correction, but can't see there being a significant pull back until after the next General Election in 2016. Obama has to much to lose and will not let this happen.
Personally I don't see any need to panic and drop your shares.
japan energy plan approved as early as friday, page-3
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Last
$8.97 |
Change
0.110(1.24%) |
Mkt cap ! $2.681B | |||
| Open | High | Low | Value | Volume |
| $8.90 | $9.28 | $8.89 | $27.96M | 3.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29174 | $8.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.99 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |