PDN is now not a t/over target IMO.
Unfortunately PDN's balance sheet risk may prevent any corp. action now. Too much short term debt. I've stated this for some time - PDN may have to sell their family jewels, or be perhaps forced into a nasty rights issue ala ERA.
No-one buys debt on a depreciating asset base.
PDN is a soon-to-be dead fish flapping on the beach IMO without a surging uranium price - double the price than where it is. The debt is due next year, the current spot price may imply in the next quarter, in particular, the Dec quarter, how low any potential "rights issue" may be.
I'd be very careful in the LT - but as always these types will swing around for d/ts.
I'd say PDN will renegotiate the debt, the cost will be of note.
Great company caught in the debt cycle.
It's cheap for some.
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