Likely To Drop Below Cap Raising Price Before Going Up., page-32

oracle - markie will likely be right on this call.

youll recall i saw 30 as a bottom unless oil goes down, based on the avg wtd stock price for holders.

well oils down and still has 20% left to fall in my view, the uranium spot fell back to 37.5 and the company is still npat negative

the probability is youll see high churn the day of the announcement and sp back below 26 for a little while - even though the 'correct price' should be 30c

i wouldnt be fazed by it though - its a macro issue - nothing to do with pdn or the CR itself, except the market can be harsh if it gets reminded of cheap stock being issued on a negative sentiment day.

as soon as spot starts moving pdn will move forward at pace. it isnt really affected by oil space at all - but global energy etfs sell all energy stocks when they are getting redemptions.

and id imagine a lot of people are pulling their oil long positions off the table right now

will be a chance to pick up a bargain

depends on sentiment the day of the announcement and a few days after as much as anything