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.
I think you holders are being a little harsh on yourselves and...
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Last
$13.98 |
Change
0.810(6.15%) |
Mkt cap ! $4.179B | |||
| Open | High | Low | Value | Volume |
| $13.93 | $14.28 | $13.83 | $47.88M | 3.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $13.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.98 | 6031 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |