Ann: Presentation - Recommended Merger of Beach and Drillsearch, page-78

I looked at PDN at its lows. The company doesn't make money. It has these great uranium resources that are slowly be divested away from the shareholders. I wouldn't invest in it under any present circumstance. Good luck to you if you have picked a rise from one of the many lows it has recently made. Uranium is a captive and secretive market and producers like PDN will be price takers for a long time to come.

The Saudis are price makers. When they decide either by breaking the shale industry or having their arms twisted by Russia and Iran or the many fellow cash bleeding members of OPEC they will make the oil price again. The same can not be said for uranium.

Eshmun