OTCQX:PALAF - Post by User
Post by
sccool50on Dec 12, 2012 12:42am
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Post# 20717144
PDN Closed at .90 ASX
PDN Closed at .90 ASX Given spot price up to $45 and large volume on ASX with breakout potential looking very strong today from relentless down trend. Also quote from recent doc on uranium industry:
" we have had a supply imbalance for over 20 years in the world uranium market ...so the world consumes every year more uranium then the mining industry produces...in terms of real numbers there is presently global demand for around 180 million pounds per year and supply from mining activity is around 140 million pounds per year....making a 40 million pound per year supply deficit just to meet current reactor requirements....where does this difference comes from?....Retired Russian & US cold war era nuclear bombs...and the US - Russian treaty governing this supply is due to expire next year..."
Strong belief that $1 will be broken soon IMHO, GLTA.