fyi citi has pdn getting into positive earnings per share from fy17. ill keep an eye out for others. i cant be bothered transcribing all the supporting data on sales etc im sorry
they have modelled long term uranium prices as if they stall in mid 40s until 2017 i believe - they have a view uranium long term market is basically at equilibrium now japan reactors restart.
but fair to say i think they are ascribing 'normal commodity' pricing characteristics to uranium - which i personally dont believe is true and thats why i bought
I think what is likely though is spot uranium will stall in the 40s for a while. when that happens pdn will likely fall back given brokers like citi have a 25c target price for the stock.
i think as a result pdn will be a polarising stock for some time to come - but im a firm believer we are on a one way move back to $us60+ prices over next 3 years
PEN Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
SMM Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
PDN Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held
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