PDN 0.37% $1.37 paladin energy ltd

Top Picks from John Zechner: Walt Disney Company, Concordia Healthcare, Uranium Participation

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    Uranium Participation (U .TO)
    Last Buy $4.30-May/16. Uranium remains one of few commodities which trades well below its global cost of new production of about US$60 per pound. U is direct way of owning the commodity without mining risk associated with publicly-traded uranium miners. Buying it at $4.30 is effectively like buying Uranium at US$25 per pound, which is a discount to spot price ($28) and long-term contract price ($44). Minimal new supply growth, rundown of inventories and strong new demand from new reactors being built in China and further re-starts in Japan should all contribute to recovery in Uranium prices. Cameco’s recent announcement to suspend production at its Rabbit Lake mine and reduce production at Key Lake/McArthur River operations could be the catalyst to make utilities move up demand.

    http://www.bnn.ca/News/2016/5/16/To...ncordia-Healthcare-Uranium-Participation.aspx
 
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$1.38 1900 1
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
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