Waiting for 10 cents to buy more, page-13

You do realise John Borschoff self admittedly stuffed up by taking on too much debt? Yes he took it from 1c to $10 dollars and made a lot of people rich but there was no long term strategy there. He wasn't prepared for a negative shift in uranium price. He chose debt to allow for minimal dilution for those shareholders. Then he got out while he could, jumped ship to a new interesting deposit in DYL and will probably do the same.

I'm not attacking Borschoff here, I'm just saying it's unfair to say PDNs decline has been all due to exisiting management.They didn't have much option but to go into administration. And for what it's worth, many people believe PDNs current management are among the most switched on out of anyone in the sector. They may not even get undeveloped deposits going, but if they effectively manage LH and make it profitable then that's all PDN needs. 12.5c is just silly for a tier 1 asset.