I was originally very bullish on PDN and had the exact same view as you about the company being the most leveraged.
The only reason I became so critical on PDN was because a poster on another site I respect openly disagreed with me call.
I wanted to find out what I was missing and what made him so bearish...??
The further back I went through the company, mainly surrounding the shady DOCA deal the more hesitant I became to invest here.
I've outlined these above in a few posts.
Just look at other Uranium plays on the ASX or TSX and you will see the management in those companies are getting on with advancing their projects.
All of their announcements are written in a very bullish tone with an aim towards Uranium production (this is also backed up by actual work achieved)
What do PDN's announcements/presentations look like?
Full of "Buzz" words to spark interest....?
When I see announcements about restart studies starting I will become more interested.
PDN has a board of directors with no experience at running, producing and selling Uranium from a Uranium mine.
All I see are a board of directors using the "leverage" of a rising Uranium price to eventually sell out PDN and wait for a take over.
So yes, there is a trade in it here but that's all I'm seeing.
For now, it's definitely not a long term investment.
PDN Price at posting:
20.3¢ Sentiment: Hold Disclosure: Not Held
