Hi guys
The most objective answer in regard to where the SP
Will go medium term is depends on U price .
A low U price is not a nuetral as some seem to suggest - it's a negative as every month at this level = cash outflow for PDN.
So in my view the amount of time U price stays low is important
Jaw dropper was someone who I locked mocked a few months ago when I too fell into the belief that U price will go up , but today with spot at 32.5 and tending lower his predictions don't look ridiculous
One may think if the Sp was going to fall to a new low it would have already happened along with U price , however my experience is the market often waits for earnings results, at which stage analysts update numbers and views
LH cash costs are 28 so AISC I would estimate at about 36 and if we add
In interest and corporate costs PDN probably need a spot of about 40-42 to break even
In summary - one needs to prepare for all eventualities including U price increasing or U price falling or staying low
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Last
$12.37 |
Change
-0.150(1.20%) |
Mkt cap ! $3.701B |
Open | High | Low | Value | Volume |
$12.47 | $12.50 | $12.27 | $22.19M | 1.789M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 5392 | $12.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.37 | 1147 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 4209 | 12.350 |
14 | 4115 | 12.340 |
11 | 3611 | 12.330 |
7 | 6480 | 12.320 |
6 | 8090 | 12.310 |
Price($) | Vol. | No. |
---|---|---|
12.360 | 5166 | 22 |
12.370 | 19215 | 14 |
12.380 | 2245 | 6 |
12.390 | 3874 | 5 |
12.400 | 4907 | 8 |
Last trade - 15.36pm 02/07/2024 (20 minute delay) ? |
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