The Uranium price/troubles aside, the Market has lost confidence in PDN's Management. imo
The fudging with the LH deal was the last straw. Many bought in on the supposed "revised positive bid" and got burnt.(One here) Money talks!
Unless there is an announcement re the LH deal or a change in Management or both then the share price could/should keep falling.imo
The price range atm is 38c-55c, with the share price recently settling around the 50% point of that range. imo
A reversal of the trend would need to take the shareprice above 62.5c-65c imo
That would require a major development announced by the Company and an upward movement in the U Price. imo
I don't see that happening so the bottom is not yet set.
Management will need to pull a rabbit out of the hat and fast if they, at least want to survive. imo
Good Luck All.
Md
jumped on risk/reward basis, page-19
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Last
$11.74 |
Change
0.290(2.53%) |
Mkt cap ! $3.511B | |||
| Open | High | Low | Value | Volume |
| $11.54 | $11.96 | $11.27 | $34.85M | 2.980M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39237 | $11.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.75 | 307 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |