Well U prices are just continually rising and bucking the trend with respect to other commodities prices. That is a very bullish sign especially with all this turmoil with trade wars and what not.
Whats also positive is that the industry has now gone into a structural deficit of 50m lbs with demand outstripping supply...pretty sure that hasn't been the case for maybe a decade.
U bull market to me seems inevitable....PDN will be a major beneficiary given they can ramp up to 4-5m lbs per annum pretty quickly after taking L&H out of care and maintenance.
Also the chart setup is looking real good - another surge coming soon.
Typical trading day, page-12
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Last
$8.17 |
Change
-0.130(1.57%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.22 | $8.31 | $8.13 | $21.70M | 2.652M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 129 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.17 | 11735 | 3 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
