pdn situations

The situation of PDN should be better than many explorers. However, other explorers are flying now and PDN is stuck. The explorers are burning cash too.

I believe the debt holders don't want PDN to collapse. If the time comes, they will let PDN to re-finance again. The U price should improve during 2nd half the year.

U Participation Corp is buying more and more Uranium. It should be bottom or near bottom now.

http://www.stockhouse.com/news/newswire/2014/04/08/upc-t-u-pulls-trigger-on-new-uranium-purchases

One Bay Street analyst noted that UPC is starting to deploy the proceeds from its recently closed $57.6 million bought deal financing and he anticipates a further 800,000-900,000 pounds may be purchased over the coming weeks and months.

The analyst commented, “We believe spot prices could remain challenged until the later stages of 2014. However, we expect Japanese reactor restarts to slash perceived future supply availability, spurring utility buying (which has been essentially non-existent since Nov-2012) and upward pressure on prices towards the levels required to incentivize badly-needed new mines.

Perhaps reflecting this outlook, shares of UPC have traded at a premium to net asset value since October.”