Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James,
Just a question on PDN. Firstly, great tip. I ended with 65.5% profit, so well done. My question is: Why have you sold it at this point? From what I can see, indications are that it may keep going up. What am I missing please?
Thank you
MickO’
Hi Mick,
We recently took a 95% profit on PDN at 95c a touch early in hindsight but after the last 48-hours its looks an ok exit at this stage. On our numbers, the PDN share price was now factoring in Uranium prices north of $US60/lb when they are trading mid $US40’s. We are certainly not adverse to buying back in but at the moment we simply felt the stock had run too hard too fast – nothing complicated. PDN is on watch and MM may re-enter in the months ahead but right now being an observer feels right.
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