PDN - Paladin Energy

[mmmmining]

Re: PDN - Paladin Resources

New report said only one Aussie on the board not six. Let's pray, and hope it is not what originally report of the terrible accident.

 

[PureCoco]

Re: PDN - Paladin Resources

DOW JONES NEWSWIRES

Paladin Resources Ltd. (PDN.T) announced the death of Garnet Halliday, executive general manager of operations and development, following a plane crash in Malawi.

Paladin said Garnet, 50, has been with the company since 2004 and was leading its development team in preparing for the construction of the Kayelekera mine in Malawi.

The company also said the pilot of the light aircraft, Frank van-Veuren, was also killed in the crash. Van-Veuren was principal of Executive Air Charter. There were no other people on the plane.

 

[greggy]

Re: PDN - Paladin Resources

I hear that a jet has gone down in Malawi with 8 PDN people aboard.

Very sad news indeed. My sympathy goes out to the families left behind in this tragic accident.

 

[Gundini]

Re: PDN - Paladin Resources

What terrible news for the family and friends. Our thoughts and prayers are with them today. Could not begin to imagine how they feel. A shock loss.

 

[Rafa]

Re: PDN - Paladin Resources

Indeed this is a tragic accident, I have a friend working on this project, but luckily for him, he got back to Oz on Wednesday!

Very concerning... and my sympathy goes out to the family left behind in this tragic accident

Incidentally, my same friend tells me that about one african a week dies whilst working on Palladins Lang H project... I guess thats not news worthy.

The safety standards there are appaling, I guess thats why they have low production costs...

 

[Fab]

Re: PDN - Paladin Resources

A couple of question regarding Uranium that will have an impact on PDN.

When is due the ALP meeting when they are supposed to review their Uranium policy?
When is Cameco flooded mine
When will we know if the U spot price has increased from $85?

 

[Fab]

Re: PDN - Paladin Resources

A couple of question regarding Uranium that will have an impact on PDN.

When is due the ALP meeting when they are supposed to review their Uranium policy ?
When is Cameco flooded mine update ?
When will we know if the U spot price has increased from $85 ?

 

[nizar]

Re: PDN - Paladin Resources

A couple of question regarding Uranium that will have an impact on PDN.

When is due the ALP meeting when they are supposed to review their Uranium policy ?
When is Cameco flooded mine update ?
When will we know if the U spot price has increased from $85 ?

1. April 27th-29th. Uranium mining likely to be lifted.
2. End of the month
3. When it does increase from $85. Check tradetech.com. Updated weekly but it could be unchanged from previous week.

 

[Fab]

Re: PDN - Paladin Resources

I am not sure what to do with this one @ the moment, I have some pdnwmf that expire end of this month. I bought them @ an average of 0.89 and I don't know if I should sell them @ a loss now or hope for a recovery before the end of the month. Any suggestions?

 

[Halba]

Re: PDN - Paladin Resources

Why did you buy such a highly leveraged warrant that expires soon? Revist risk mngmt, i hope your position size was small. Lots of ppl say that PDN's short term trend has broken. If you were holding shares you could simply wait.

 

[reece55]

Re: PDN - Paladin Resources

I am not sure what to do with this one @ the moment, I have some pdnwmf that expire end of this month. I bought them @ an average of 0.89 and I don't know if I should sell them @ a loss now or hope for a recovery before the end of the month. Any suggestions?

Fab
Lets break this down mathematically shall we....

Conversion rate is 3:1, which means your cost ($0.89) * 3 add the strike will be what you need the intrinsic price to be to break even. So, you want the price of PDN to be $9.67 in about 20 days time. Now, last price on Friday was $8.69, which means we are $0.98 away from your break even target. This means in 20 calendar days, or about 15 trading days, you need a 11% movement. Annualized, that means you require a 135% return from PDN.

So, my answer - get the f@3% out now while you can. Could be wrong though, PDN could go upward after a small blip. But personally, on a risk/reward basis, I would get out!

Cheers

 

[Halba]

Re: PDN - Paladin Resources

Fab: how many warrants did you buy?

 

[Kauri]

Re: PDN - Paladin Resources

I'm half expecting a drop yet back into the $7's...

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

I'm half expecting a drop yet back into the $7's...

Kauri,

I have been waiting for my short signal.

 

[Kauri]

Re: PDN - Paladin Resources

Kauri,

I have been waiting for my short signal.

Snake,
What will give you your short signal, the indicators you have on your chart, or maybe price/vol, a combination ?

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

Snake,
What will give you your short signal, the indicators you have on your chart, or maybe price/vol, a combination ?

Kauri,

The indicators I don't use much but sometimes they help.
The MACD acts as the confirmation of the stochastic reaction in the overbought zone - if the stochastic drops quickly - a sharp drop, (price has already stopped), it might give an opportunity because people are still nervous.
Price and volume always play a role - there still is supply which I feel is limiting upward movement.
So I am watching the price for weak signs while being mindful of the confirmations.
It is then a gamble.

The divergence in the background in the middle of FEB gave warning so I feel it may still influence things.

Guesswork but all TA is.
Regards
Snake

 

[Fab]

Re: PDN - Paladin Resources

It should go up in the short term because of
http://www.stockinterview.com/News/03112007/Uranium-Spot-Price-ERA.html

 

[Gurgler]

Re: PDN - Paladin Resources

From FN Arena today:

Paladin Achieves Its First Export
FN Arena News - March 12 2007

By Greg Peel

Paladin Resources (PDN) will see its Langer Heinrich uranium mine in Namibia officially opened by Namibian president Hifikepunye Pohamba next week, although production is already underway. Paladin expects the mine to reach full production status by mid-year, by which it will be producing 90t of U3O8 per month.

In the meantime, a report in The Economist notes the first export deal has been completed, with 10t of oxide having been sold to US uranium distributor ConverDyn for delivery on March 20.

The deal is an important step in satisfying the market that all the hype surrounding Paladin is justified, particularly as is reflected in its spectacular share price run. As a new entrant into the market, Paladin has struck at a time when uranium is very thin on the ground. The auction market price has just hit US$90/lb.

There was no confirmation as to what price the export deal was struck. FNArena contacted Paladin management for confirmation of the deal this morning, but as yet has not received a reply.

What is the consensus on the ConverDyn price? Discounted - but not as heavily as ERA's?

And what impact on SP if it is?

Kauri/Snake - you still reckon on a re-draw to below $7.90. How overvalued do you regard it?

 

[captjohn]

Re: PDN - Paladin Resources

F

Kauri/Snake - you still reckon on a re-draw to below $7.90. How overvalued do you regard it?

I have asked Rudi at FN Arena to see if their analysts will now re-value PDN ....considering export sales are happening & new U price at $90....etc...

I bought a big handful of PDN during the sell off last week so I'm concerned of course.


captjohn

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

From FN Arena today:

Paladin Achieves Its First Export
FN Arena News - March 12 2007

By Greg Peel

Paladin Resources (PDN) will see its Langer Heinrich uranium mine in Namibia officially opened by Namibian president Hifikepunye Pohamba next week, although production is already underway. Paladin expects the mine to reach full production status by mid-year, by which it will be producing 90t of U3O8 per month.

In the meantime, a report in The Economist notes the first export deal has been completed, with 10t of oxide having been sold to US uranium distributor ConverDyn for delivery on March 20.

The deal is an important step in satisfying the market that all the hype surrounding Paladin is justified, particularly as is reflected in its spectacular share price run. As a new entrant into the market, Paladin has struck at a time when uranium is very thin on the ground. The auction market price has just hit US$90/lb.

There was no confirmation as to what price the export deal was struck. FNArena contacted Paladin management for confirmation of the deal this morning, but as yet has not received a reply.

What is the consensus on the ConverDyn price? Discounted - but not as heavily as ERA's?

And what impact on SP if it is?

Kauri/Snake - you still reckon on a re-draw to below $7.90. How overvalued do you regard it?

Gurgler,

No value on it from me. I am fundamentally inequiped to analyse it from that perspective.

Snake