It's a hard question to answer as it's a very different company today and this cycle might be different.
Perhaps the negatives are we lost 25% of LHM to CNNC & the Kayelekera mine in Malawi. Personally, I wasn't a fan of Kayelekera as it was plagued with power and community issues, but PDN still has a small interest in LOT anyway.
Plus side, we don't have $1 billion in debt sitting on the balance sheet and the company could be potentially cash flow positive in the early stages of a uranium bull market, not the later part like many who want to try and get to production. That cashflow can be used for other purposes like M&A and other accretive global growth opportunities, like building out the reserves of LHM or expansions etc.
The other plus side is the exchange rate. PDN hit a AUD $4.8 million market cap in the last cycle but the AUD to USD was basically parity. IMO uranium companies are USD benchmarked on a peer to peer comparison, so it's USD value today is $554 million.
So crush the numbers, I sure the fund managers and institutions will be.
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$10.09 |
Change
0.190(1.92%) |
Mkt cap ! $3.016B |
Open | High | Low | Value | Volume |
$10.16 | $10.19 | $9.99 | $15.71M | 1.562M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1986 | $10.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.10 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2400 | 10.030 |
1 | 1996 | 10.020 |
1 | 1280 | 10.010 |
3 | 1521 | 10.000 |
1 | 74 | 9.990 |
Price($) | Vol. | No. |
---|---|---|
10.100 | 5000 | 1 |
10.150 | 5300 | 2 |
10.180 | 1896 | 2 |
10.190 | 757 | 1 |
10.200 | 2164 | 2 |
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