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How to explain PDN's stellar run?

Discussion in 'Stocks I-P' started by Fab, Mar 20, 2006.

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  1. Fab

    Fab

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    Hi,

    I have got some PDN that I bought at 2.45. People at the time where saying it is over price then it went for few weeks around the $2 mark to then shoot up to over $4 today. This stock seems to have no limit, I am happy about it but I would like to understand why so a stock like that keeps on running. I understand the renew of interest from India and China in buying some Uranium from OZ might be the main reason but then why PDN is running so high and fast compare to the like of RIA or BHP ?
     
  2. sam76

    sam76

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    Re: How to explain PDN stellar run

    check out EXT - tenements right next door to PDN
     
  3. michael_selway

    michael_selway Coal & Phosphate, thats it!

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    Re: How to explain PDN stellar run

    I think its the most popular uaranium specialist stock out there, even though fwd PE at moment is 40+

    Earnings and Dividends Forecast (cents per share)
    2005 2006 2007 2007
    EPS -0.6 -0.7 8.8 8.8
    DPS -- 0.0 0.0 --


    Also there doesnt seem to be any correction for Uranium as yet? basemetals, precious metals, iron ore/steel, oil, coal etc have...

    [​IMG]

    URANIUM TO HEAD NORTH OF $500/POUND?
    http://www.stockinterview.com/stm-bambrough.html

    [​IMG]
     
  4. rederob

    rederob

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    Re: How to explain PDN stellar run

    MS
    Work out the possible price of uranium when PDN becomes a producer.
    Then put your PE on the stock.
    Then tell Fab why he might want to buy more!

    By the way, as there is no "exchange" for uranium miners to deliver into, the market is being driven by immediate needs and future supply contracts. For now there is no time frame suggesting when the "demand" equation will be satisfied, so power utilities will keep bidding up the price.
    Unlike coal, which can add significantly to consumer prices, uranium is relatively price inelastic. So if uranium is $100/lb, consumers would not really notice the difference in price reflected in their power bills.
     
  5. nizar

    nizar

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    Re: How to explain PDN stellar run

    tend to agree

    PDN's stellar run has alot to do with market sentiment. Alot of people have made alot of money from this stock and its clearly the favourite U stock out there.

    It still has a way to go because as U spot price increases, langer heinrich and malawi mines will increase resources as the cut-off for uranium can be reduced ie. lower grades can still be profitable

    and those yellow cake contracts like those 2 in january will continue to flow in as september production nears
     
  6. Prospector

    Prospector Not a scaredy cat anymore

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    Re: How to explain PDN stellar run

    It is certainly my favourite stock of all time - I bought in at 11c and you can buy a lot of shares at that price :D
     
  7. crackaton

    crackaton

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    Re: How to explain PDN stellar run

    Nearly as good as poseidon
     
  8. Prospector

    Prospector Not a scaredy cat anymore

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    Re: How to explain PDN stellar run

    Funny you should say that! My Aunt was working in Poseidon at the time and bought in at rock bottom too! Is that insider trading? Happened a long time ago though ;)
     
  9. michael_selway

    michael_selway Coal & Phosphate, thats it!

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    Re: How to explain PDN stellar run

    Is Poseidon a stock?

    thx

    MS
     
  10. Prospector

    Prospector Not a scaredy cat anymore

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    Re: How to explain PDN stellar run

    If that is a serious question you must be much younger than me!
    Posedion had a stellar rise in the 70's - nickel I think (I was only a wee young lass at the time :D )
     
  11. 123enen

    123enen

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    Poseiden. Didn't qiute understand what was going on at the time. A story of hope and hype.

    A nickel discovery in W.A.
    Some bad mine resource statistics.
    Share price went from 80 cents to $280
    I understand that when mine resources were clarified it was only worth about $5 per share.

    Share price dived.
    Don't remember if the mine opened at all.
     
  12. Fab

    Fab

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    Why not try the only PDN warrant available then PDNWMC ??? Seems to be a quicker way of making a quick buck.
     
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