nizar said: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.
falconx said: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 said:Actual low was i think 0.007-0.008 (less than 1c).
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.nizar said: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.
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.BSD said: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!
I haven't bought any either. I was just commenting on the anti-uranium movement's supporters.Halba said:lmao my 750 PDN buy yesterday is in the positive.
PDN is not for me! I'm not bothering with this share, too scary.
Its been an amazing stock. When people have tipped it to fall its seems to continue to go upwards.Halba said: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.
Halba said: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.
I have one thing to say Prospector. Congratulations on having the nerve to trade this one time and time again.Prospector said: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!
the barry said: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.
BSD said: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.
BSD said:The market drops 500 points - the uranium sector is the worst place to be in such a market.
BSD said:Which sector do you reckon saw the most margin call related selling today?
BSD said: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.
BSD said:Will they start buying again the next time the music starts or sit at home with burnt fingers focussing on quality?
BSD said:It doesnt matter whether U trades at $1000lb - this sector is 98% hype.
BSD said:PDN looks a great business - but it is the bellwether of a sector I wouldnt buy with stolen money at the moment.
greggy said: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
BSD said: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
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