PDN - Paladin Energy

[chris1983]

Re: PDN - Paladin Resources

In previous corrections when the XAO has shed 9-10%, high to low PDN usually sheds 30-40% eg. Oct2005: $2.50 to $1.50 (40%), May2006 $5.50 to $3.50 (36%).

Now we went from $10.88 to $7.54, thats 30%.
So cant be much longer to go. May a buck more max.

But still im waiting for it to rebound before committing.

A buck more? If they go down a buck more Im going to have to atleast grab a couple of thousand. Im watching.

 

[falconx]

Re: PDN - Paladin Resources

I am considering weather I should buy in or not. Anyone else bought in recently for the first time? I just have a slight feeling in the back of my head that I missed the boat on this one, considering the SP was 4 cents at one stage. Anyone here actually picked any up at 4c?

 

[nizar]

Re: PDN - Paladin Resources

I am considering weather I should buy in or not. Anyone else bought in recently for the first time? I just have a slight feeling in the back of my head that I missed the boat on this one, considering the SP was 4 cents at one stage. Anyone here actually picked any up at 4c?

Actual low was i think 0.007-0.008 (less than 1c).

 

[falconx]

Re: PDN - Paladin Resources

Actual low was i think 0.007-0.008 (less than 1c).

Fair enough, I was going by yahoos historical prices from here:
http://au.finance.yahoo.com/q/hp?s=PDN.AX

Edit: On closer inspection it does list them at 1 cent from around dec-02 til august-03.

 

[Freeballinginawetsuit]

Re: PDN - Paladin Resources

Hi Barney,

Plenty of Supply all day for PDN and like most chased down in the arvo. Besides from a quick day trade on Thursday (waste of time ), haven't traded them since December.

Past key resistances for PDN were $5.20, $6.00, and $7.40......give or take a few cents. Price action between is just noise and PDN ranged quite comfortably between these intraday.

ATM theirs been a volitile move down and every chance that we might now trade between the range $6.80-$7.40.

IMO tommorrow morning will blow off somewhere between this range.

What sets PDN aside from another trade in the current market? Lets not lose sight of these despite market apprehension. Realistically of what effect do recent events have to do with PDN's business interests or marketplace dynamics......zip really! Just a cheaper entry.

Its not like PDN hasn't ridden out previous cycles like the current one on several occasions since listing. Moreso until recently PDN was bagged by the experts as 'a never gonna happen'!


Brief forward view PDN, 07/08:

Commodity: Uranium> commodity not influenced by hedge fund speculation> supply/demand positive> necessity> forward supply contracts with unhedged upside > global uranium supply deficit until 2015> PDN is a pure uranium play.

Company: PDN is a Producer> Langer Heinrich 2.60mlbs pa
15 + ML
> Kayelekera August 08 3.30mlbs pa
10 + ML
> Langer Heinrich ST2 September 08 1.10mlbs pa
Potential PP 0.50 mlbs pa


Exploration: Significant upside potential in key targets Manyingee Oobagooma
Holdings: %EME/Bilygri Deposit/NT > High grade deposit with near term potential.
%DYL/Favourable locality to LH > prospective.
%SMM JV Vallhalla Skal/QLD/Commercial deposit near term.


Short term Upside: Labor Policy change Uranium Mining........it will happen. Will impact on Vulhalla/Skal and Blygri. Odds are in favor of a limited amount of new mines/miners. PDN is one of the frontrunners IMO-probably the frontrunner from a commercial perspective.


Note: I do have a long Fundamental Position in PDN, held for a while and probably will take a trading entry tommorow...... DYOR and all the best tomoz

 

[Fab]

Re: PDN - Paladin Resources

In previous corrections when the XAO has shed 9-10%, high to low PDN usually sheds 30-40% eg. Oct2005: $2.50 to $1.50 (40%), May2006 $5.50 to $3.50 (36%).

Now we went from $10.88 to $7.54, thats 30%.
So cant be much longer to go. Maybe a buck more max.

But still i m waiting for it to rebound before committing.

I am not sure where it will stop but U future has not changed and is greater at the moment with spot price forecast to increase. The problem is how to value a stock like pdn or other that have not produced anything yet.
UBS I believe has a price target on pdn of $10.20 therefore it looks like a bargain and oversold at the moment

 

[the barry]

Re: PDN - Paladin Resources

Presently 8.23, I wonder if we have seen the bottom of this correction for paladin.

 

[Out Too Soon]

Re: PDN - Paladin Resources

I missed out on this one before so I've bought some @ 8.02 today, O/S will decide tonight whether it's a long or short term investment.

 

[greggy]

Re: PDN - Paladin Resources

The ASX uranium sector is the most ramped, most seperated from reality, most leveraged, most 'traded', most CFD'ed, most overvalued, most hyped part of the market.

The market drops 500 points - the uranium sector is the worst place to be in such a market.

Which sector do you reckon saw the most margin call related selling today?

It will be interesting to see how the 'hangover' effects the 'traders' when they wake up next to a whole lot of very ugly stocks with limited prospects of making money in the near future.

Will they start buying again the next time the music starts or sit at home with burnt fingers focussing on quality?

It doesnt matter whether U trades at $1000lb - this sector is 98% hype.

PDN looks a great business - but it is the bellwether of a sector I wouldnt buy with stolen money at the moment.

Want Uranium exposure?

Buy BHP - the hype comes for free!

You said this sector is 98% hype. Have you realised that the uranium price has gone up strongly during the past couple of years or have been sleeping all this time. Your comments are all doom and gloom. Clearly you don't have any uranium stocks and your comment "it doesnt matter whether U trades at $1000lb" smacks of inexperience along with naivety.
Many uranium stocks recovered well today. PDN went up 65c.
DYOR

 

[Halba]

Re: PDN - Paladin Resources

lmao my 750 PDN buy yesterday is in the positive.

PDN is not for me! I'm not bothering with this share, too scary.

 

[greggy]

Re: PDN - Paladin Resources

lmao my 750 PDN buy yesterday is in the positive.

PDN is not for me! I'm not bothering with this share, too scary.

I haven't bought any either. I was just commenting on the anti-uranium movement's supporters.
DYOR

 

[Halba]

Re: PDN - Paladin Resources

This share is like a frikkin heart monitor. I can't believe how ppl can trade lazy amounts of 10,000 shares without blinking? I guess the risk profile is not for everyone. I'll be out of this soon, I was never going to hold.

 

[greggy]

Re: PDN - Paladin Resources

This share is like a frikkin heart monitor. I can't believe how ppl can trade lazy amounts of 10,000 shares without blinking? I guess the risk profile is not for everyone. I'll be out of this soon, I was never going to hold.

Its been an amazing stock. When people have tipped it to fall its seems to continue to go upwards.
DYOR

 

[the barry]

Re: PDN - Paladin Resources

This share is like a frikkin heart monitor. I can't believe how ppl can trade lazy amounts of 10,000 shares without blinking? I guess the risk profile is not for everyone. I'll be out of this soon, I was never going to hold.

If you leave it long enough, you might not be able to get out of this stock under 10 dollars. lol Only took a couple of days to drop to this level, might only take a couple to bounce back.

 

[Prospector]

Re: PDN - Paladin Resources

Scary it might be, but it is the share that has made me the most money. I have been in and out of Paladin since it was 11 cents. It has been quite a ride!

 

[greggy]

Re: PDN - Paladin Resources

Scary it might be, but it is the share that has made me the most money. I have been in and out of Paladin since it was 11 cents. It has been quite a ride!

I have one thing to say Prospector. Congratulations on having the nerve to trade this one time and time again.

 

[Fab]

Re: PDN - Paladin Resources

If you leave it long enough, you might not be able to get out of this stock under 10 dollars. lol Only took a couple of days to drop to this level, might only take a couple to bounce back.

The RSI was saying oversold yesterday. To me this stock is overpriced but then Uranium is definitely a commodity that will be very hot for a long time therefore I am happy to be in PDN for the long run. Another important thing about PDN is that they have one of the best U management team in the business so they know what they are talking about.

 

[nizar]

Re: PDN - Paladin Resources

The ASX uranium sector is the most ramped, most seperated from reality, most leveraged, most 'traded', most CFD'ed, most overvalued, most hyped part of the market.

Yeh - who cares.
We are here to profit from the market and those overhyped piece of sh$% stocks have given us plenty.

The market drops 500 points - the uranium sector is the worst place to be in such a market.

Agree. What comes up must go down. Apply stringent risk management and this shouldnt be a problem

Which sector do you reckon saw the most margin call related selling today?

The Uranium sector? I dont care. Those that trade on margin (CFD) need to understand the meaning of RISK. Whats your point, its the riskier sector, yeh i agree 100%.

It will be interesting to see how the 'hangover' effects the 'traders' when they wake up next to a whole lot of very ugly stocks with limited prospects of making money in the near future.

Almost all the stocks iv traded profitably have not made any money. AIM, DYL, MLS, PEN come to mind.

Im not saying in a bull market champion though. In fact even in this market i cant get R/R>50%.

But its a bullmarket so enjoy it. Trade whatever is going up.

Will they start buying again the next time the music starts or sit at home with burnt fingers focussing on quality?

I cant wait to start buying agaiN!

It doesnt matter whether U trades at $1000lb - this sector is 98% hype.

Does it matter if its excellent earnings and fundamentals that drive the share price, or whether its hype - either way you make money.

And i for one dont care if the share price goes up from fundamentals or from hype. Im happy to trade the price action.

PDN looks a great business - but it is the bellwether of a sector I wouldnt buy with stolen money at the moment.

Agree.

 

[BSD]

Re: PDN - Paladin Resources

You said this sector is 98% hype. Have you realised that the uranium price has gone up strongly during the past couple of years or have been sleeping all this time. Your comments are all doom and gloom. Clearly you don't have any uranium stocks and your comment "it doesnt matter whether U trades at $1000lb" smacks of inexperience along with naivety.
Many uranium stocks recovered well today. PDN went up 65c.
DYOR

Naive, inexperienced and doom and gloom - but is that worse than me having 'no uranium stocks'?

What other U shares do you own mate and how many of them:

a. Produce now or/
b. Have a bankable feasibility study and a legal project or/
c. Have a calculatable NPV or/
d. Have a JORC Reserve base or/
e. Have drilled a hole or/
f. Have more than $10m in the bank

My point relates to the absolute bubble in the entire sector - PDN just has an element of 'froth' in comparison.

Having done so much homework on the sector, what is your valuation of Olympic Dam's Uranium ?

Olympic Dam has proved and probable ore reserves of 761 million tonnes at 31 December 2004 at 1.5 per cent copper, 0.6 kg/tonne U3O8 and 0.5 g/tonne gold.

That is 456,000,000 KGS (not pounds) of Uranium and is still being increased.

The physical uranium market is going to cop a wave of supply from massive projects before any of the speccys without a drillhole get into feasibility studies

 

[nizar]

Re: PDN - Paladin Resources

Naive, inexperienced and doom and gloom - but is that worse than me having 'no uranium stocks'?

What other U shares do you own mate and how many of them:

a. Produce now or/
b. Have a bankable feasibility study and a legal project or/
c. Have a calculatable NPV or/
d. Have a JORC Reserve base or/
e. Have drilled a hole or/
f. Have more than $10m in the bank

My point relates to the absolute bubble in the entire sector - PDN just has an element of 'froth' in comparison.

Having done so much homework on the sector, what is your valuation of Olympic Dam's Uranium ?

Olympic Dam has proved and probable ore reserves of 761 million tonnes at 31 December 2004 at 1.5 per cent copper, 0.6 kg/tonne U3O8 and 0.5 g/tonne gold.

That is 456,000,000 KGS (not pounds) of Uranium and is still being increased.

The physical uranium market is going to cop a wave of supply from massive projects before any of the speccys without a drillhole get into feasibility studies

BSD - u do realise no new supply will come from Olympic Dam until at least 2010. Actually iv heard from some its 2013. What will the uranium price be by then?