Hi John,The move up in the U spot price in the last couple of...

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fightinggreed

635 Posts.

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31/10/18

21:25

Post #: 36341354
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Originally posted by JID: ↑

Hi Guys,

The Japanese Restarts is the Rick Rule narrative and he has been on about this for sometime.

However, like in early 2016 when he missed the gold sector's initial move, I think RR is missing something here too (with all due respect).

The current driver is not 'real' demand from things like the Japanese restarts - which is happening and is inevitable - but instead the demand that is coming form the financial sector and primary producers who have shut in production as per Goerhing and Rozenberg. From their anecdotes the Financial Sector is very aware of the inevitability of the U price rebound to come with many early stage entries already happening (e.g. YCA) and many enquiries being fielded by G&R.

I think that the move is underway (despite the current painful downdraft in miners) and if we didn't have general market liquidity jitters, the U sector would be marching higher.

As it is, spot U is continuing to move higher (I am heavily exposed) in a VERY low vol, near linear manner. I anticipate this to continue and, at some point (well before all Japanese reactors are once again operational) the miners will respond.

PDN is dogs-balls a value play here and now due to the pain suffered by former PDN equity and debt holders. PDN's working capital is sufficient, IMO, to keep the lights on until the sector turnaround plays out. 16.5c is value for money.

Cheers
John

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Hi John,

The move up in the U spot price in the last couple of days to $28.13 has moved the price through a zone of strong resistance dating back to 2014 on the monthly chart. The chart is not at all congested now till about $35. I think we could see quite rapid appreciation of the U price to around $35 now. That would provoke some interest in PDN, I think. Here's the monthly chart.
Cheers,
Tim.

PDN Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last $8.30		Change -0.010(0.12%)		Mkt cap ! $2.955B

Open	High	Low	Value	Volume
$8.21	$8.35	$8.16	$19.73M	2.389M

Buyers (Bids)

No.	Vol.	Price($)
1	9	$8.21

Sellers (Offers)

Price($)	Vol.	No.
$8.30	2693	3

View Market Depth

No.	Vol.	Price($)
10	433612	0.140
15	580980	0.135
12	228160	0.130
10	690000	0.125
12	234104	0.120

Price($)	Vol.	No.
0.145	466113	7
0.150	442890	9
0.155	357490	7
0.160	249999	9
0.165	881568	19

Last trade - 16.10pm 26/11/2024 (20 minute delay)

PDN (ASX) Chart

Hi John,The move up in the U spot price in the last couple of...

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Buyers (Bids)

Sellers (Offers)