Waiting for 10 cents to buy more

Waiting for 10 cents or below to add to my position here

I now believe there could well be lower prices for PDN headed our way

analyse the current situation: -

an unproven management team when it comes to uranium mine development - that decreases the value of our undeveloped uranium assets

debt of $125M which PDN has no way of servicing at current U308 prices

cost to restart Langer Henrich uranium mine estimated at $100M - so further massive dilution is almost a certainty imo. (To be able to borrow this $100M the U308 price needs to go much higher).

the longer it takes the uranium price to recover, I can see PDN drifting much lower and below 10 cents

also the chart indicates to me some distribution has been occurring with prices heading lower on higher volume

am in no rush to buy any more at these prices