Two points from me.
I don't think it's accurate to say uranium fundamentals are sound. In fact, one could argue fundamentals are terrible. POU is at a multi-year low and its not obvious the price has bottomed. It's conceivable it could drop further this coming week and in the days ahead. There are very few producers making money at these prices (unfortunately PDN isn't one of them)
And also, im pretty sure that if (heaven forbid) PDN enters VA and desists, shorters aren't required to buy back the shares. This is the best possible scenario for them
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3 | 2119 | 11.690 |
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