Ann: Annual Report 2018, page-6

I'm just quoting the Auditor's Report to indicate the real financial position of PDN, ie no income, running costs and loans to repay. There are companies who took out long term contracts (PDN's failing) well above the current spot price and are therefore profitable. PDN makes big of the fact that it is a sole uranium producer but that is its weakness, whereas there are other uranium producers with additional sources of income to tide them through. Just do some research on the big players. Even if their uranium activities are not profitable, they can cut back on production to reduce losses (eg Cameco) but be supported by profits from other activities. World wide, there is a large amount of ore already mined and on surface (some have calculated up to 8 years supply) just waiting for the spot price to increase enough for that to become profitable to process. Uranium futures do not look encouraging.