PDN 0.48% $12.48 paladin energy ltd

Uranium The metal of Tomorrow, page-4

  1. 563 Posts.
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    Yeh well remember the last run, it was essentially on no news (or news that was weeks old if you say it was on the jap start up progression). The U story is an easy one to ramp up, people have been thinking for years and years it was turning a corner. So once a few articles come out at the same time then a few supposed experts get interviewed that's all it takes to create a temporary boom. I remeber hearing in the jump up at the beginning of the year some supposed experts ramping about how it was your last chance etc. U price soon sunk below $30 after that. These things take time and don't go up in straight lines. U price is still in a downtrend, we will not know if we have found the bottom until we are far from it. $40 was the bottom bounced off that, $35 was definitely the bottom - bounced off that, no way it could go lower than $30, but then $28. And we will not no what the true bottom was until we're over $40 again I guess.
 
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