PDN - Paladin Energy

[Bush Trader]

Re: PDN - Paladin Resources

A raging bull is difficult to ride, I would be interested in your feedback


Consolidation Revalues ERA, Paladin

Source: FN Arena News - February 13 2007

Canada's SXR Uranium One has entered into an agreement to buy all the shares of Kazakhstan's UrAsia to form the world's second largest uranium producer by market capitalisation.

UBS analysts have crunched the numbers implicit from the bid, and arrived at a valuation of uranium resource of US$31.61/lb.
Australian listed exploration companies tend to trade at only US$16/lb, the analysts note, up from US$9/lb last year. But more important is the valuation implications for Australia's two uranium pure-plays (which are actually producing uranium), Energy Resources Australia (ERA) and Paladin Resources (PDN).

Applying the resource valuation implies a share price valuation for Paladin of $16.86. Equivalently, ERA would be valued at $44.04. Add Jabiluka, and ERA would be worth $100.
Food for thought.

Cheers

 

[Kauri]

Re: PDN - Paladin Resources

Looking for a minor W4????

 

[barney]

Re: PDN - Paladin Resources

Looking for a minor W4????

Howdy K, I know very little about Elliot Wave theory, but always appreciate your concise charts.

I agree that PDN looks set for a slight retrace after another solid run ...... just wondering how much of this run has been caused by the positive press indicating an sp of plus $16 ... (those type of comments usually gets we punters "interested" ... and often burned; although I don't think anyone will get burned on PDN in the short-medium term)

Today was a key reversal on solid volume. MACD looks a bit over cooked as does RSI I think a lot of holders are happy to take small bites out of PDN now it has risen exponentially, and we may see more typical chart patterns from here on ....... $9 ish looks a solid support level ....... Of course it could just turn around tomorrow and belt past $10.50, but that would surprise.

 

[Go Nuke]

Re: PDN - Paladin Resources

Howdy K, I know very little about Elliot Wave theory, but always appreciate your concise charts.

I agree that PDN looks set for a slight retrace after another solid run ...... just wondering how much of this run has been caused by the positive press indicating an sp of plus $16 ... (those type of comments usually gets we punters "interested" ... and often burned; although I don't think anyone will get burned on PDN in the short-medium term)

Today was a key reversal on solid volume. MACD looks a bit over cooked as does RSI I think a lot of holders are happy to take small bites out of PDN now it has risen exponentially, and we may see more typical chart patterns from here on ....... $9 ish looks a solid support level ....... Of course it could just turn around tomorrow and belt past $10.50, but that would surprise.

I thought yesterday that the share might drop to around the $9.40 mark
Someone else thought that might be a bit much and thought around the $9.80 mark.

Would it be too late to jump on board the Paladin crusade if i could pick up shares below $10?
Or maybe i should go for ERA if the sp is supposed to hit $44 mark....and beyond...(possibly)

ps...going by those charts...am i right in seeing that when the Bollenger lines go far apart like this and the sp goes towards the "overbought" side, we could see a slight decline now?

 

[Halba]

Re: PDN - Paladin Resources

nuke come onto banner man

 

[Go Nuke]

Re: PDN - Paladin Resources

nuke come onto banner man

Yes ive heard alot about Bannerman..but haven't looked at too hard.
Would have to do more research on that 1

 

[purple]

Re: PDN - Paladin Resources

Would it be too late to jump on board the Paladin crusade if i could pick up shares below $10?

Nuke,
You'll love these party spoilers (here's your chance!!)

Paladin Resources Cut to `Outperform' at RBC Capital DN AU

By Sandro Bottoni

Princeton, New Jersey, Feb. 13 (Bloomberg Data) -- Paladin Resources Ltd (PDN AU) was downgraded to ``outperform'' from ``top pick'' by analyst Chris Lancaster at RBC Capital Markets. The 12-month price target is A$12.00 per share.

Last Updated: February 13, 2007 10:27 EST

Princeton, New Jersey, Feb. 13 (Bloomberg Data) -- Paladin Resources Ltd (PDN CN) was downgraded to ``sector perform'' from ``outperform'' by analyst Brian Christie at National Bank Financial. The price target is C$9.50 per share.

Last Updated: February 13, 2007 09:34 EST

 

[Go Nuke]

Re: PDN - Paladin Resources

wow really
Maybe ERA is the better way...who knows

 

[sleeper88]

Re: PDN - Paladin Resources

ERA is locked into forward contracts, meaning they can't capitalise on rising U prices, i believe this is true for BHP's olympic dam production as well. Basically PDN is the only ASX listed company to benefit from current U prices.

 

[Halba]

Re: PDN - Paladin Resources

nuke come onto the banner man thread

http://www.bannermanresources.com.au/docs/BMN29Aug2006.pdf

refer

 

[UraniumLover]

Re: PDN - Paladin Resources

nuke come onto the banner man thread

http://www.bannermanresources.com.au/docs/BMN29Aug2006.pdf

refer

I agree with Haliba. if you look at the statistics _> go to to Bmn website and look at tolhurst research papers and even bmn threads you will soon realise Bmn is = pdn junior but at a discount. the U are near the surface at good depth meaning low cost open cut mining is viable. I own both as i know this area is crazy when it comes to making money

 

[Go Nuke]

Re: PDN - Paladin Resources

thx for the feedback guys.
Ive checked out Bannerman on Incredible Charts.

:microwave

 

[Kauri]

Re: PDN - Paladin Resources

This is my basic L plate E/W view on PDN currently...

 

[Fab]

Re: PDN - Paladin Resources

This is my basic L plate E/W view on PDN currently...

I have no idea how you worked out this wave but 11.25 looks good to me. I have some pdnwmf that I am not thinking to exercise when they expire end of march instead of selling them. PDN is incredible. Probably overvalued but then what is being overvalued when there is such a shortage of U.

 

[MalteseBull]

Re: PDN - Paladin Resources

continual support on this one

 

[fma007]

Re: PDN - Paladin Resources

Yep - and should be a good end to the week with an expected increase in the spot price to $80 with the sale of some uranium.

http://www.theconservativevoice.com/article/22924.html

"The weekly TradeTech uranium spot price indicator remained unchanged for a third straight week, but Tuesday’s sale of 100,000 pounds U3O8 could result in another record price spurt. According to Nuclear Market Review (NMR) editor Treva Klingbiel, “This lot of material represents an opportunity for buyers to secure material at a fixed price and is expected to be highly sought after."

 

[goldilocks]

Re: PDN - Paladin Resources

U up to US$85. A $10 jump from last time.
http://www.uxc.com/review/uxc_Prices.aspx

 

[Fab]

Re: PDN - Paladin Resources

Good news keep rolling on for PDN:

http://www.mineweb.net/whats_new/636562.htm

Very smart move to be developing in U friendly mining countries like Malawi.

 

[Halba]

Re: PDN - Paladin Resources

seems extremely priced

 

[purple]

Re: PDN - Paladin Resources

seems extremely priced

nah, I don't think so, not as yet...
are we not in a Uranium boom atm?

the tech boom of old had most companies trading at PE's of more than 100..

history has shown that every boom (the rush for the New World colonies, the gold rush etc) has the ability to strip people of their common sense and turn them into bulls and nullify charts signals (if there were at those times).

The Arab markets 2005 boom had taxi drivers pouring in their hard earned money...and then losing it. IPOs caused punch ups :
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJIxwaurGu.s

The China market 2006 boom caused a stampede from every corner of the world...(although now corrected slightly). but now the momentum is gaining again...

it's been overused and abused, these words : Uranium deficit
i think the bull market still runs for uranium and PDN...well, will still run...