Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James, Scanning the website it’s been a little while since you have covered Uranium. I’m interested in investing in the sector. Does MM consider it a good time to invest in the sector? If so, where should I be looking to invest?
Hi Michael,
The Uranium Sector has been extremely volatile over the last few years with Paladin (PDN) rallying from ~10c to a peak above $1.10 with some wild swings along the way. Over the last year alone PDN has managed to more than halve on 3 occasions suggesting its a stock to accumulate into weakness as opposed to chase into strength.
Considering the vehicles on offer to play the uranium theme we would indeed keep it simple and look at $2.2bn WA based Paladin Energy (PDN) which we like under 70c.
NB MM holds PDN in our Emerging Companies Portfolio.
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