A reassuring quarter from PDN with production at Langer Heinrich stabilising. This should be reassuring for investors. Assuming this success continues we expect PDN to achieve lower to mid-range of its revised FY25 3-3.6Mlb U3O8 production guidance. Macro news such as Trump’s Stargate AI Project remains the biggest influence of the sector. There could be a scramble on to cover PDN and other heavily shorted uranium stocks.
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