PDN - Paladin Energy
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Sean K
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Re: PDN - Paladin Resources
Gold
Halba said:
Gold
Kauri
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Re: PDN - Paladin Resources
It produces gold ..
Sorry, feeling in a silly mood today... :silly:
kennas said:
It produces gold
..Sorry, feeling in a silly mood today... :silly:
Re: PDN - Paladin Resources
I do understand that, but what about the other near term U producers that went up yesterday and today? I would guess the whole sector would be down a lot if it were due to oil.
fma007 said:well, i say oil price drop is the reason because lower oil prices makes oil seem a more attractive energy source than uranium. Obviously does not translate directly into practice but in terms of sentiment maybe..
I do understand that, but what about the other near term U producers that went up yesterday and today? I would guess the whole sector would be down a lot if it were due to oil.
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Re: PDN - Paladin Resources
ERA is only off 1.8% and hardly off at all at 11:00 when PDN had dropped 5%,
interestingly. This might be a pull back from "Hot Money Traders" as the charts are getting pretty steep. (See attachment for analysis).
Is this a pull-back buy oportunity, or the start of an overheated correcion? I would be interested in your opinion
Cheers
lancer said:
ERA is only off 1.8% and hardly off at all at 11:00 when PDN had dropped 5%,
interestingly. This might be a pull back from "Hot Money Traders" as the charts are getting pretty steep. (See attachment for analysis).
Is this a pull-back buy oportunity, or the start of an overheated correcion? I would be interested in your opinion
Cheers
Attachments
Re: PDN - Paladin Resources
Thats a good question, I would venture to guess its a small pullback, but if I wasnt currently holding I dont think I would buy yet...There has been a lot of good news out so far, the only thing I can think to boost it short term would be either:
Spot price increase or
Good news in the spring from the government (which I think more peole are already counting on)
Still a great stock that I am holding long term regardless of what it does now
Thats a good question, I would venture to guess its a small pullback, but if I wasnt currently holding I dont think I would buy yet...There has been a lot of good news out so far, the only thing I can think to boost it short term would be either:
Spot price increase or
Good news in the spring from the government (which I think more peole are already counting on)
Still a great stock that I am holding long term regardless of what it does now
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Re: PDN - Paladin Resources
If I were looking to buy into the stock, my target price would be $7.40 tho I would have 2 shots at it: First entry at $7.50 (to make sure I "got" some) and the remainder at $7.35 or less if a selldown was in the wind.
I don't think $10 is close-by and think April is a chance.
But as Lancer notes, a spot price hike could do wonders.
I think the real take off point will be when PDN has posted its first quarter results and we know what we are dealing with.
Although I hold PDN, I don't think it's good value at present prices.scsl said:
If I were looking to buy into the stock, my target price would be $7.40 tho I would have 2 shots at it: First entry at $7.50 (to make sure I "got" some) and the remainder at $7.35 or less if a selldown was in the wind.
I don't think $10 is close-by and think April is a chance.
But as Lancer notes, a spot price hike could do wonders.
I think the real take off point will be when PDN has posted its first quarter results and we know what we are dealing with.
Re: PDN - Paladin Resources
I don't think there's many a time that I think PDN is not overpriced (if that makes sense). Yet I still go ahead with short term trades - for fear of missing out on the next big jump and/or going with the trend. So do you think the sub $7.50 level will come hand in hand with the next market correction? Or will it come off with other uranium stocks? PDN is such a favourite in the market that I'm always reluctant to take a short position in it.rederob said:
Re: PDN - Paladin Resources
PDN will keep going up as long as the U price keeps rising. An important date is Feb 6 when Cameco the largest U producer will give an update on the flooding of its U mine and how long will be the delay in Prod. This could give another boost or burst to U stocks. So I am not too worry until this date and the alp meeting on mine policy in April will be an important one too. I hold some PDN warrant as I don't want to indeed miss the next jump in price as PDN typically moves by waves.scsl said:
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Re: PDN - Paladin Resources
If PDN repeated that movement it woud be possible to pick it up for about $7 within the month.
I do not suggest that PDN "will" get that low - but being alert to the possibility gives one a chance to either add at better value, or buy in with a degree less downside than there is to the stock today.
Between last April and June PDN dipped over $2.00 from peak to trough - ie around $5.50 to intraday under $3.50.scsl said:
If PDN repeated that movement it woud be possible to pick it up for about $7 within the month.
I do not suggest that PDN "will" get that low - but being alert to the possibility gives one a chance to either add at better value, or buy in with a degree less downside than there is to the stock today.
Re: PDN - Paladin Resources
I am supposed to get next weeks U spot price soon. Usually comes out in the next hour and I will Post it as soon as I know it. Hopefully this will help, I think we are due for a little jump. Trade tech was forecasting between 72 and 75 last week we will see if its true
I am supposed to get next weeks U spot price soon. Usually comes out in the next hour and I will Post it as soon as I know it. Hopefully this will help, I think we are due for a little jump. Trade tech was forecasting between 72 and 75 last week we will see if its true
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Re: PDN - Paladin Resources
Just my opinion, but I cannot see a rise in the price of uranium till there is an update from Cameco regarding Cigar Lake . . remember Cigar Lake was expected to produce up to 18 million pounds a year between 2008 and 2010....with grades up to 20%U3O8
News is due on Feb 6th I think and hopefully its bad . . which is good for :aus:
cheers
Just my opinion, but I cannot see a rise in the price of uranium till there is an update from Cameco regarding Cigar Lake . . remember Cigar Lake was expected to produce up to 18 million pounds a year between 2008 and 2010....with grades up to 20%U3O8
News is due on Feb 6th I think and hopefully its bad . . which is good for :aus:
cheers
Sean K
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Re: PDN - Paladin Resources
Also, everyone seems to assuming that the Comenco update will bring bad news on Cigar Lake. What if they say it's ahead of schedule to be fixed? I actually don't think this will occur, but it could. Just a thought. Not downramping here, just trying to give another take on things. I do hold a few uranium stocks myself...
Maybe spooly, but the uranium price really just depends on how much people are willing to pay for it at auction, from my understanding.spooly74 said:Just my opinion, but I cannot see a rise in the price of uranium till there is an update from Cameco regarding Cigar Lake . . remember Cigar Lake was expected to produce up to 18 million pounds a year between 2008 and 2010....with grades up to 20%U3O8
News is due on Feb 6th I think and hopefully its bad . . which is good for :aus:
cheers
Also, everyone seems to assuming that the Comenco update will bring bad news on Cigar Lake. What if they say it's ahead of schedule to be fixed? I actually don't think this will occur, but it could. Just a thought. Not downramping here, just trying to give another take on things. I do hold a few uranium stocks myself...
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Re: PDN - Paladin Resources
I think it`s a given that they are going to be delayed but by how long? Initial estimates are for 1 year but it could be longer.
I just think that if I was a potential buyer for U and in 3 weeks a potential producer of 300+ million pounds (19%average) of uranium will have news on delays?? then I would stay put for the moment and see what happens . .
I personally dont think the price will drop even if the news is great from Cameco because there is still a strong demand for U.
Over 450 nuclear reactors globally at the moment and the Chinese are planning 2 a year till 2020 (some of them 1000 Megawatt plants which will need 50000t of typical uranium each year to run)
I hold a couple of U stocks too and I think the spot price has a bit to go.
Remember the demand for uranium in the 70s was for weapons . . this time its for energy.
cheers
kennas said:
I think it`s a given that they are going to be delayed but by how long? Initial estimates are for 1 year but it could be longer.
I just think that if I was a potential buyer for U and in 3 weeks a potential producer of 300+ million pounds (19%average) of uranium will have news on delays?? then I would stay put for the moment and see what happens . .
I personally dont think the price will drop even if the news is great from Cameco because there is still a strong demand for U.
Over 450 nuclear reactors globally at the moment and the Chinese are planning 2 a year till 2020 (some of them 1000 Megawatt plants which will need 50000t of typical uranium each year to run)
I hold a couple of U stocks too and I think the spot price has a bit to go.
Remember the demand for uranium in the 70s was for weapons . . this time its for energy.
cheers
