Agree; they both have great heads for the uranium sector. JB is definitely a visionary, go-getter and worth backing. I have warmed to Ian Purdy, though, as IMO PDN needs steady leadership to become a global uranium leader. With the right stewardship, PDN can be a global player with its other potential development opportunities.
I'm expecting it to exceed the last cycle market cap in the coming years, but not through hopeful parabolic u price moves, but pragmatic production growth working around a more sustainable $60-$80 per pound mark. Who knows though, SPUT may just keep squeezing the market, and we have a grey swan event that continues to push prices slowly higher ongoing before incentivised mines can get to production.
SPUT is saying the NYSE listing is to attract the Reddit market, given they have been big supporters of the silver and gold funds. So it seems that the Reddit crowd could potentially do a lot of squeezing in a pretty tiny spot market.
DYOR
uranium news, page-198
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Last
$7.90 |
Change
0.210(2.73%) |
Mkt cap ! $2.362B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.97 | $7.35 | $41.25M | 5.365M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 434 | $7.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.91 | 25184 | 6 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |