Can someone explain the share price to me please? To me this looks like the biggest dog of a stock yet the share price is huge. What am I missing?
Its not profitable at current Uranium prices - but its the best looking house in a bad street as far as uranium producers on the asx go
a lot of negatives in uranium. ERA too pretty much gonski although for different reasons. you think it will retest the record low 0.75cents?
Folks think they're buying leverage and ASX management spivs prey on it. The traders will work it up if they can. After all PDN made some of them lots of money years ago and some analysts are saying the company will be profitable in 2014, and more so 2015 Paladin one of the few Platinum mining choices on the ASX. When I was in Macmin Silver (MMN) it was the only primary silver miner on the ASX. If you want leverage to silver buy a silver company. Everyone who stayed with Macmin lost all their investment and the founder/chairman/CEO did not a have a word to say to his ex investors. Just into admin and that was it, end of story and on to new ventures. Then they still had another angle to play. They resurrected the same assets as Alcyone Resources (AYN) and people unfamiliar with the Macmin story bought it. After all it was one of the few primary silver stories on the ASX, lol, if you want leverage to silver buy a silver company, we'll get it right this time. See 3 year chart of AYN below - never made a bob naturally, nor has PDN except in the certain future
McMin silver blew their share structure out of proportion, so have AYN If you invest in junior companies that have no concept of conservative share structure - your mad! Even if they do a share consolidation the share price usually falls back anyway. No wonder you are bitter at mining companies - you invested with market miners - not metal miners.
... with all honesty, stay away from jr stocks and .... uranium. Hv you seen the documentary in tv when tat shiet rocked in japan? It changed the whole game. Anyway If you buy BHP, RIO last year, i think you will do better...much better rather than sticking your toes to jr stocks. Thats my opinion. Plus WPL
Another one bites the dust... Anyone still think there is any light at the end of the tunnel for Uranium? There seems to be a big fear factor with nuclear plants today i wonder if it will ever get back into full steam again? But then you have china saying they will go nuclear crazy! I really don't know what to make of it.
For USA, either the price goes up or the lights go out. When not if. Im very bullish for uranium. Low cost producers only. Will take time to play out.
