Destined for ASX 300 again, page-25

The market took it there and back again, not JB. PDN never made a profit but could have if JB hedged the offtake, which was the appropriate thing to do given their debt obligations. But he was a uranium bull that, like most, was wrong about forecasting the price of uranium. He was gambling with other peoples' money and lost for them (whilst making a lot for himself). Typical of most ASX management parasites that live of investor money but can never make any themselves.

When he was still running PDN he actually sold down a large chunk of his holdings in PDN. The writing was on the wall for PDN from that point onwards.

Hopefully now we'll finally see PDN get competent management in addition to a turnaround in the industry.