I am not a financial adviser.
I personally think it is not the time to sell at current bottom price. Simply PDN is worth a lot more than current market valuation's. Uranium spot price is at 10 year's low, PDN is also at 10 year's low.
Will PDN go to administration like MBN ? highly unlikely. Miracle always happens. MBN relisted and went up more than 25 times within a week. I am not saying it will happen in PDN. But PDN current financial position is strong, imo. They could refinance the first tranche notes due Nov 2015, also possibly borrow money from Chinese banks as CNNC becomes the business partner. Both Cameco and Areva predict uranium price will recover quickly than expected.
All these signs, just indicate PDN and/or uranium sector are in the 10 year's bottom. I think it is quite similar feelings when the GFC happened in 2009. The World is Doomed. Every cloud has a silver lining. I might not be right, but it is high possibility it will be right.
Snapshot, page-73
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Last
$12.48 |
Change
0.060(0.48%) |
Mkt cap ! $3.724B | |||
| Open | High | Low | Value | Volume |
| $12.45 | $12.76 | $12.26 | $26.57M | 2.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6286 | $12.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.48 | 5038 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |