Surprise strength of PDN, page-21

Yeah the product might be out of favour with investors today, but improved financials won't be.

Having said that, with the production shortfall this qtr we won't see any real improvement until the half yearly, if not the final.

If you are after a 50% sentiment play, then the prices are good at present for a 6 month return. If you are after a multi-bagger then you have to look further into the future in my opinion.

Say spot breaks 40 in the next 6 months, ceterus paribus that takes the SP to mid 40's - 50. Liquidating or rolling the first tranche of debt in a continually strengethening spot position..........$1 plus, $1.50, $2????? Spot continues to rise and we start looking at bringing assets back onto the balance sheet.........$2.50??????? Spot hits the magical $75, AUD is at 75c and there are 60 more reactors online...............$xxxxx??????

Of course, getting to Valhalla does entail blood and guts in the short term.

Sentiment is buy at these prices...................maybe keep some powder dry in case it does drop into the 20's again. For those holders without spare change, repair to your nearest bar and wait out the storm with a few settlers.