Thread by @contrarian8888

$PDN $PALAF. I did not want to tweet about pdn until i spoke with the ceo- Ian Purdy which i did last night. This deal is totally transformational. (Much like when $ar raised money which dropbox.com/s/p2t05wnhzcn0…

Was a s-t hiccup but stock more than 3x a short 6 mos later. I would say the #1 concern on pdn has been the debt overhang which has now been cleared. In addition this allows them as stated in their news release to go slower in signing contracts and not contract Uranium at sub

Optimal prices (SORRY UTILTY BUYERS LOL). Ian will be putting every single $ he has ever earned from PDN into the deal at 37c - this is not like some Uranium cos ceos that earn $2m a year,wear expensive suits and have their stock px go up 30% for buying 400k lbs of U and promote

Their tweets on Twitter lol. This guy is 100% based on the stock px. Again let me repeat Ian is 100% levered to the stock going well. PLS READ THAT AGAIN THIS IS NOT THE CASE with most Miners.

In addition some of their other projects haven’t even been computed in their mkt cap- I’d say just the first one would be worth more than some of the US miners today in mkt cap. But PDN is getting 0 value for it. At over $1bn prospective mkt cap this stock is going to be the 3rd

Biggest near term producer (post KAZ and CCJ) and something everyone is going to have to take a view on. IT will dominate the Aussie Retail space and i imagine a lot of retail that remember it going up 10000% last cycle will want in (if the debt had been the constraining factor).

I will be subscribing for the max I’m allowed to. Finally for the naysayers saying i wish they had delayed pls remember this- there is a PIK at 10% cost so waiting was not free- u were dealing with dilution daily. In addition, if U spot had not moved, and the debt had become

Current (due Jan 23) the stock could have fallen apart too if U continued remaining stagnant for another 6 mos. So Ian brilliantly has derisked the biggest risk factor in the stock. I am jumping up for joy. In addition this is the last equity deal- the company will raise the

Balance for the restart with debt and this will give confidence to any utility looking to sign contracts that the company is 100% financially stable. TODAY IS A GREAT DAY.