re: **pdn to break new highs** Subject re: pdn to break new...

re: **pdn to break new highs** Subject re: pdn to break new highs
Posted 15/06/05 10:16 - 44 reads
Posted by deltra
Post #621952 - in reply to msg. #621939 - splitview

You spoke too soon, it just got slammed at it's highs for a 3rd time, stay away from this one, just did a triple top.
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Comment:

I'm not too sure what you are using for the basis of a triple top. A daily close? Weekly close?

On a daily high/low PDN has not just had a triple top, its had a 10 top (whatever you call that!!!!)

However the positive is that PDN has been making higher lows when it has corrected from that top. 74 cents followed by 94 cents. I wouldn't want to see PDN fall below 90 cents. Things could then become very nasty.

But in view of the uranium fundamentals that would not be expected.

In view of the difficulties RTM are having, could the Namibian government do a u-turn to PDN regarding their leases?

Something totally stupid like that is always possible but I would assess it as being so unlikely that it is not worth seriously contemplating. PDN have worked well with and had full and timely cooperation from the Namibian Government.