Ann: Quarterly Activities Report for Period Ending 30 June 2018, page-3

Hi mate - I don't mean to be rude...but I don't think you understand the core reason why we are buying PDN or any other U stock....it's got nothing to do with "it used to be above 10bucks"....though I can understand your interest in simplifying investment concepts.....

Also you don't seem to grasp that the mine "shutting down" or more correctly going into care and maintenance is actually a positive not a negative. It means they retain their product to sell at future higher prices as opposed to selling at a loss at current prices, which is obviously nonsensical. They have 50m cash in the bank which is more than enough to get them through at least the next perhaps 5 years....

Also remember mining is exceptionally cyclical and we have already had a 10 year bear market in Uranium which has dramatically cut production and seen very little investment in new mines.

If your view is Uranium is dead, we don't need it and it's not coming back then that is fine, and certainly don't invest in the U space....however I'd suggest if you want to continue being an investor I'd suggest you research alot more before doing any more investing....