I am becoming realistic. I bought PDN all the way from $2.8 down...

I am becoming realistic. I bought PDN all the way from $2.8 down to 38 cents. I lost 30% of my money in Uranium.

I have learned the hard way. In a downturn, we have to be selective. The leaders will survive. The weak will go away. Look at the Coal miners.

In this environment, we have to look for companies that have been beaten down together, but with low cost, low debt and long term contract.

PDN has high cost, high debt and is selling on the spot. Uranium will survive. PDN may not. Take this sell-off and move to a better beaten down company.

The Chinese are smart, they bought part of the LH mine but not PDN shares. They always own part of the mine no matter what happen to PDN.