Been in and out of this one a couple of times last year, but...

Been in and out of this one a couple of times last year, but after looking at the current sad state I am buying more this morning around the 6.5c on offer as a very high risk high reward opportunity.

Its an exhilarating proposition at this price, could go balls up if no extension is granted on the bonds and straight into liquidation, on the other hand, a modest cap raise to fund working capital and a recovery (predicted) in Uranium could see this bag out many times over.

This is where the management earn their $$$, brokering an extension on the bonds, on the back of a CR for working capital. Not an easy task satisfying bondholders and shareholders, but, if they can do that deal, I look at PDN as a high risk high return proxy on the price of Uranium bouncing hard.