Just making the point that the SP is ahead of itself, the term consensus was probably the wrong word to use. On one of the research sites, there was mention of two new research notes from BMO Capital Markets and Morgan Stanley predicting a rally in prices over the next few years to the $48–50 level by 2024. At the end of the day we all make up our own minds as to what drives our investment decisions. In the medium to long term I am still bullish with Uranium.
I have been a very long term investor through Summit Resources as I was of the opinion that PDN would mop them up at some point. My motivation for investing in SMM was not for the PDN mop up but the hope that the QLD Liberals would win back power and reverse the ban on Uranium mining in QLD. Well that all went shite when Labour get back in power.
In any event I need to take a profit at some point and yesterday was good enough for me. If I missed timed it so be it, I still own the stock. At some point I may well buy back in on price weakness.
For the long term holders this is the stock to be in on the ASX.
GLTA.
Paladin boom!, page-51
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Last
$15.50 |
Change
0.610(4.10%) |
Mkt cap ! $4.626B | |||
| Open | High | Low | Value | Volume |
| $15.00 | $15.50 | $14.85 | $20.41M | 1.337M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 999 | $15.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.52 | 400 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$15.47 |
Change
0.610 ( 4.74 %) |
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| Open | High | Low | Volume | ||
| $15.09 | $15.48 | $14.86 | 264850 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| PDN (ASX) Chart |