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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$13.99 |
Change
0.010(0.07%) |
Mkt cap ! $4.182B |
Open | High | Low | Value | Volume |
$13.78 | $14.02 | $13.62 | $27.61M | 1.999M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 198 | $13.99 |
Sellers (Offers)
Price($) | Vol. | No. |
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$14.00 | 5278 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 198 | 13.990 |
1 | 300 | 13.960 |
1 | 37 | 13.880 |
1 | 1000 | 13.810 |
1 | 727 | 13.740 |
Price($) | Vol. | No. |
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14.000 | 1000 | 1 |
14.020 | 7289 | 1 |
14.030 | 32 | 1 |
14.070 | 1800 | 1 |
14.090 | 3861 | 1 |
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