When the spot was $36, there are many good news to PDN and the U sector as a whole. PDN is highly leveraged. If the spot goes up to $40, PDN could be 70 cents.
However, the reality is the spot went down and PDN is selling near the spot price. It seems that they no longer owns long term contract at higher price. The restart of any Japanese reactors is months away. The majority of them will never restart.
The I give up..........
There are many better choices now. Many U producers with lower production costs and long terms U contracts are beaten down as well. That is why I sell PDN and switch to the other U companies. Because of high cost and debt, PDN is losing money every day. If it has to stop mining, the other U producers will be benefited.
Autosim is very honest to tell the truth. He is smart to sell at 57 cents. It is very strange in this board, most blogger only want to hear good news.
why i change from buy to sell?
Add PDN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$13.17 |
Change
0.020(0.15%) |
Mkt cap ! $3.937B | |||
| Open | High | Low | Value | Volume |
| $13.29 | $13.39 | $13.04 | $23.61M | 1.782M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7662 | $13.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.18 | 22798 | 2 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |