In my opinion, pdn will be fine long term. A floor will exist be virtue of the fact that JB can sell more of the mine from buyers that I believe want more. While that will affect potential growth prospects, it does carry the logic of giving some stability in a floor price as a 'get out of jail' card. (Where that floor might be will be determined by the shorts who seem to be going hard right now before the hammer drops).
But...one has to make a decision to buy or not buy, and having someone enter at 32c and calling them a fool because we're at 27.5c now isn't a fair fight.
And for the record, persons 'guessing' that it will take until 2020 to see $70lb uranium is exactly that. A guess. You won't be vindicated until 2020, so there is no proof to gloat over yet.
But in my opinion it is a bad guess. Then again... it's only my opinion and I'll agree to say I was wrong in 2020 if we're sub $70.
Cheers
In my opinion, pdn will be fine long term. A floor will exist be...
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Last
$7.67 |
Change
0.380(5.21%) |
Mkt cap ! $2.339B | |||
| Open | High | Low | Value | Volume |
| $7.54 | $7.84 | $7.52 | $26.49M | 3.442M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3117 | $7.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.67 | 2199 | 7 |
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| Last trade - 14.42pm 18/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |