Well it is obvious by now that we are in for a long recovery - longer than I had hoped. Japan's reactors have not come back online rapidly, 2 out of 40 so far. World wide stocks of uranium remain high while the price of oil & coal remains low. While their are 60 reactors being built the push is only coming from long thinking governments. Comments from John Borshoff, former head of Paladin Energy said "any attempts for new supplies or mines post-Fukushima were "not sympathetic to reality."
My take is that we need to concentrate on keeping the company floating - it's going to be line ball as PDN meets its debt obligations - certainly will scrutinise any director payments ( and this isn't a swipe ).
If you need to sell & redirect cash into other investments then this makes sense. I believe in the industry long term.
Recommend that you monitor U3O8.biz
http://www.u3o8.biz/s/MarketComment...-Commentary&_Title=Uranium-Price-on-the-Rocks
Where to from here shareholders
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Last
$11.74 |
Change
0.290(2.53%) |
Mkt cap ! $3.511B | |||
| Open | High | Low | Value | Volume |
| $11.54 | $11.96 | $11.27 | $34.85M | 2.980M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39237 | $11.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.75 | 307 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |