Muxaul,Take a look at note 16 of PDN's 2012 annual...

Muxaul,

Take a look at note 16 of PDN's 2012 annual report:

http://media.corporate-ir.net/media_files/IROL/17/176316/2012_Annual_Report_and_Financial_Statements.pdf

Current Debt US$ Millions

Secured bank loans 51.0
Unsecured convertible bonds due 11 March 2013 132.4
Total current interest bearing loans and borrowings = 183.4

Non Current Debt US$ Millions

Unsecured convertible bonds due 5 November 2015 267.0
Unsecured convertible bonds due 30 April 2017 229.0
Secured bank loan amortised to 2015 65.3
Secured bank loan amortised to 2017 93.8

Total non current interest bearing loans and borrowings = 655.1

PDN's 2013 bonds will be paid off with the remaining $150 million forward payment they will from EDF (to be received by 31 January). They have already received $50 million from EDF a few months ago.

Hence, short term debt isn't a problem (due to EDF forward payment) and long term debt isn't an issue until late 2015.

If one thinks that the uranium sector will remain down for the next two and a half years then don't buy PDN. I don't think this is possible, which is why I throw every spare dollar at accumulating PDN stock whilst the share price is where it is.