PDN all time high was around $ 8.75. That included a fair bit of blue sky for Uranium's future. At that time spot uranium peaked at $140.
Allowing for the 6 fold dilution of PDN since that time a similar spot price of $140 would equate to a share price of $1.45 (Similarly allowing for the blue sky frenzy)
Current spot is around $34. Please explain to me how an $11 increase in spot can produce a 4 fold increase in the share price ( the 45 cents you have mentioned) , given that this figure is close to the figure required to restart mining and make break-even/profit at their principle site.( Langer-HeinRich )
your informed response appreciated.
Pop goes Paladin, page-21
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Last
$11.77 |
Change
0.220(1.90%) |
Mkt cap ! $3.520B | |||
| Open | High | Low | Value | Volume |
| $11.40 | $11.78 | $11.39 | $24.55M | 2.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4694 | $11.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.78 | 4519 | 4 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |