Why should short term share price movements cause you to lose faith in this company?
Their main asset is on care and maintenance so at this point an investment in PDN is just buying a stake in some underground uranium ore. I haven't seen anything to suggest that the probability of extracting it profitably in the future has reduced, if anything it has improved with the rising uranium price.
The market will do what it does in the short run, but if the value of their resource keeps rising at some point it will be reflected in the share price.
Ann: Finalisation of New Michelin Joint Venture Agreement, page-12
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Last
$8.24 |
Change
-0.060(0.72%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.22 | $8.31 | $8.13 | $7.526M | 917.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 9659 | $8.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.25 | 2230 | 9 |
View Market Depth
| Last trade - 12.19pm 27/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
