I think you holders are being a little harsh on yourselves and the PDN management. PDN fell today because the whole ASX energy and materials sector was a blood bath. How many other stocks were down 10, 15, 20% - lots that I can see.
The price of Uranium has been rising of late and PDN successfully got some much needed cash by selling 25% of its flagship U mine for $190 mill. It is now shoring up the rest of the balance sheet with an institutional and retail share offer than averages about 31c (correct me if I'm wrong) for a further $205 million in cash.
Add this to cash holdings of $209 million and a mining operation that this year has been turned around to a small profit after some big losses in recent years and PDN is looking pretty much set to be in prime position for 2015.
Total cash will be over $600 mill. Overall debt is also at $600 mill (funny that). PDN is one of the biggest uranium miners in the world and yet its market cap is a little over $300 mill.
Want to make a bet on the uranium industry? Show me a better bet than PDN.
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$13.18 |
Change
0.790(6.38%) |
Mkt cap ! $3.899B |
Open | High | Low | Value | Volume |
$12.45 | $13.18 | $12.40 | $32.39M | 2.518M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 54274 | $14.49 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 54274 | 14.490 |
1 | 39644 | 14.430 |
1 | 8126 | 14.350 |
1 | 500 | 14.000 |
4 | 17710 | 13.840 |
Price($) | Vol. | No. |
---|---|---|
11.870 | 10327 | 1 |
12.400 | 114 | 1 |
12.520 | 61395 | 8 |
12.530 | 44922 | 9 |
12.590 | 180 | 1 |
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