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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$13.01 |
Change
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Mkt cap ! $3.889B |
Open | High | Low | Value | Volume |
$13.10 | $13.15 | $12.94 | $22.67M | 1.736M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2527 | $13.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.02 | 2319 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2527 | 13.010 |
8 | 19616 | 13.000 |
2 | 26889 | 12.980 |
1 | 4300 | 12.970 |
4 | 11977 | 12.960 |
Price($) | Vol. | No. |
---|---|---|
13.090 | 1710 | 2 |
13.100 | 7075 | 2 |
13.120 | 7423 | 2 |
13.130 | 19966 | 1 |
13.140 | 11223 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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