I think that it is a reasonable conclusion that the price of uranium will go up in the FUTURE. However, NOW:
1) PDN is burning cash reserves,
2) Has several hundred $m of debt that requires servicing,
3) Has prepaid sales = no cash inflow from those sales,
4) Is cash flow negative at the current U2O3 price with the majority of sales in the spot market.
PDN may be a multi-bagger if the uranium price accelerates quickly in the next few months. Now it is in survival mode. It has a balance sheet loaded to the hilt with debt and no free cash flow to service that debt. It is not sitting at the current SP for no reason.
I think that it is a reasonable conclusion that the price of...
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Last
$9.62 |
Change
-0.170(1.74%) |
Mkt cap ! $2.928B | |||
| Open | High | Low | Value | Volume |
| $9.68 | $9.73 | $9.62 | $2.670M | 276.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1740 | $9.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.63 | 703 | 3 |
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| Last trade - 10.10am 13/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |