yes thanks for that post fab - interesting read - looks like your warrant are doing well atm. I see BHP is now talking 2013 for its Olympic Dam upgrade to be on line and has created a separate unit to manage this including its uranium portfolio ...
Indeed what more do we need to understand that company like PDN are gold mine. First PDN is one of the only new producer, BHP and RIO are moving strongly towards developping Uranium. Coming from Europe the question is not whether or note to use nuclear power it is to what extend and how much Uranium they can get hold of bearing in mind they believe there will be a shortage for a long time. So in that environment PDN produces in a very U friendly environment in Africa. It share price has dropped by over 30% from its high.
Regarding my warrants indeed they are doing very nicely today, I am hoping PDN will be back to above $10 soon therefore allowing to double my money on this warrant. As you can see I am bullish regarding this stock in particular .
I personally think PDN is a very strong buy based on the analysis I posted few days ago. I bought some more warrants around $7.50 a couple of days ago.
The Uranium story is here to stay as per shown by the news today that BHP is trying to get the government to let them sell some to China. I believe a producer like PDN is a gold mine in the current market and even though the P/E looks expensive it is probably because this industry is not as well known as others. In a different sector SEK has an expensive P/E but keeps rising too
any suggestions for warrants mate? i just want a bit of extra leverage(for capital gain or loss if its not so good!). not concerned with interest etc.
cheers
Here is PDN's Toronto chart. Two big positive shifts in a row over there. Are we in for a mirror performance?
The MACD is heading in the right direction, and the downward trend seems to have been broken. Then again, it's Friday!
Regardless of the spin you put on PDN, this one is still in a defined range and I took my profits Friday at 8.60, so a dollar profit for the week.
Range bound until proven guilty I say, should come down on Mon, particularly given the weak close, it was sold down from the open.
Cheers
hope it comes back, been waiting to get in for ages, just held up freeing cash. very painful not being able to hump in when it floundered around 7 dollars.
A normal valuation seems to be between $13 -$19.
For now, let's not talk about a $13-$19 'normal' valuation when it has barely stayed above $10...
kennas,
Read my posting from last week which is from the Eureka report.
Also I heard that U production is being disrupted in Niger because of Touareq guerilla there. When you know that 1/3 of the french U is coming from there through Areva that might have some impact on the U spot price as well so I am not too sure when
Fab
I can see your reference to Eureka report last week - but no explanation of how the $13-$19 target is reached. Can you share that with us?
If you read the all article which was posted in several pieces you will notice the price target. I don't have the article in front of me at the moment.
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