PDN - Paladin Energy

[Fab]

Re: PDN - Paladin Resources

I hoping PDN will slowly go back to $10. Hopefully Cameco update will be bad so PDN can benefit from it.

 

[rederob]

Re: PDN - Paladin Resources

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

And half expecting a return to the plus$10s.
It ain't half as bad as the shorters might think.
Snake will learn someday that "fundamentals" rule overall price direction, but not the daily market action that traders can profit from.

 

[eMark]

Re: PDN - Paladin Resources

Uranium Mar 09, 2007
Ux U308 price: 90.00
Change from
previous week +5.00

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

And half expecting a return to the plus$10s.
It ain't half as bad as the shorters might think.
Snake will learn someday that "fundamentals" rule overall price direction, but not the daily market action that traders can profit from.

Red,

Yes well aware of the fact that the fundamentals drive the long term structure of share prices. They also take time to work into a position where people will offload to the hopeful. However in the short term they exhibit opportunitites to profit from. In the case of shorting my signal has not eventuated so no harm done. I am not holding/shorting in hope of oneday.

Take care
Snake

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

A nice gap down today. This constitutes weakness for the time being.

 

[barney]

Re: PDN - Paladin Resources

A nice gap down today. This constitutes weakness for the time being.

Hi Snake, I am a big fan of PDN (wish I could afford a few thousand of them .................. Just my opinion, but it would be one of the few stocks I would be very wary of short selling (unless the time frame was also very short/and or it was a covering position) ............... It gapped down on open today, but held its position firm all day ........... showed strength imo. (that may change in the future of course) ................. neither of my CFD providers will let me short sell it (IG and City Index) .......

There are times when I would like to be able to short it to cover my long position ................. Who is your provider? (or are you considering using put options?) Cheers.

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

Hi Snake, I am a big fan of PDN (wish I could afford a few thousand of them .................. Just my opinion, but it would be one of the few stocks I would be very wary of short selling (unless the time frame was also very short/and or it was a covering position) ............... It gapped down on open today, but held its position firm all day ........... showed strength imo. (that may change in the future of course) ................. neither of my CFD providers will let me short sell it (IG and City Index) .......

There are times when I would like to be able to short it to cover my long position ................. Who is your provider? (or are you considering using put options?) Cheers.

Hi Barney,

I see what you mean but don't agree. PDN gapped down and then rejected the high of the day to finish at the open price. Volume wasn't high indicating a lack of buyers with CONVICTION and also a lack sellers with CONVICTION. But it gapped down and finished not so strong. Something telling there. Look back at the days of blood and the volume involved What's the short term directional bias?

Take care
Snake

 

[barney]

Re: PDN - Paladin Resources

Hi Barney,

I see what you mean but don't agree. PDN gapped down and then rejected the high of the day to finish at the open price. Volume wasn't high indicating a lack of buyers with CONVICTION and also a lack sellers with CONVICTION. But it gapped down and finished not so strong. Something telling there. Look back at the days of blood and the volume involved What's the short term directional bias?

Take care
Snake

Respect your opinion as always Snake .............. I might be wearing rose coloured glasses with PDN (It's been kind to me), but considering the recent carnage, I thought it had bounced back reasonably well after the "mad" monday 5th March ............. Like most stocks, its short term fate will be determined by the general market sentiment, which is a little shaky. Longer term I think it still looks v solid. All the best.

 

[Fab]

Re: PDN - Paladin Resources

This one now needs to break the $9 mark with good volume in order to move upward in my opinion which it should do soon as the U environment is looking very very boyant at the moment.

 

[the barry]

Re: PDN - Paladin Resources

Pdn has just fulfilled its first contract and has made the jump to a producing company. The company will be in full production in a couple of months. This is perfect timing to take advantage of the rising uranium price. With the problems associated with cameco's and ERA's ranger mine, the price of uranium is only going to continue to rise in the short term as those companies go to the open market to fulfil those orders. In the short term i have no doubt that the price will climb back to the pre-correction price range in the mid 10 dollar mark.

 

[Fab]

Re: PDN - Paladin Resources

Pdn has just fulfilled its first contract and has made the jump to a producing company. The company will be in full production in a couple of months. This is perfect timing to take advantage of the rising uranium price. With the problems associated with cameco's and ERA's ranger mine, the price of uranium is only going to continue to rise in the short term as those companies go to the open market to fulfil those orders. In the short term i have no doubt that the price will climb back to the pre-correction price range in the mid 10 dollar mark.

Yep I agree with the price going back to $10 specially with the way PDN is boucing back at the moment. It looks like blue sky for U producer.

 

[mildew79]

Re: PDN - Paladin Resources

This one now needs to break the $9 mark with good volume in order to move upward in my opinion which it should do soon as the U environment is looking very very boyant at the moment.

i agree fab. 9.00-9.10 obviously a strong resistance / support level with multiple confirmations. would love to see them go through 9.10 on large volume.

 

[Halba]

Re: PDN - Paladin Resources

Yep I agree with the price going back to $10 specially with the way PDN is boucing back at the moment. It looks like blue sky for U producer.


??

Wheres the profit ,eps or revenue figures? Last i check company producing 3tonnes of yellowcake per month.

 

[the barry]

Re: PDN - Paladin Resources

Yep I agree with the price going back to $10 specially with the way PDN is boucing back at the moment. It looks like blue sky for U producer.


??

Wheres the profit ,eps or revenue figures? Last i check company producing 3tonnes of yellowcake per month.

The company has just started production.Will be at full production within the next couple of months. Can't see this stock not flying when it reaches full production.

 

[Fab]

Re: PDN - Paladin Resources

The company has just started production.Will be at full production within the next couple of months. Can't see this stock not flying when it reaches full production.

I agree. Another one that is great in a different area with blue sky prospect is SEK.

Here is what Macquarie had to say about PDN today:

15 March 2007
PDN: Macquarie Initiates Research Coverage!

Today, Macquarie Research Equities (MRE) have initiated coverage of uranium player Paladin Resources Ltd (PDN). PDN was one of the star performers on the local bourse last year and continued its strong run through January. But, the heavy selling that swamped global markets in February saw PDN slump to a low of $7.45, with the stock subsequently recovering to today’s price at just under $9.00 at time of writing. Macquarie Warrants offers investors a leveraged solution for those wishing to trade or invest in PDN, with issuance that includes trading warrants, Instalments and Income Instalments.

Pure uranium play. Paladin is a focused uranium mining, development and exploration company with key development projects in both Africa and Australia. The company’s flagship project, the Langer Heinrich mine in Namibia, entered into commercial uranium production at the end of 2006.
Paladin’s status as the newest entrant into the world’s uranium producer sector has allowed it to lock in new uranium supply contacts at substantially higher prices than the lowly-priced legacy contracts that are still being delivered into by other producers.
Uranium to hit US$100/lb. Over the past five years the uranium spot price has surged from around US$10/lb to US$91/lb, its highest nominal level on record. In the short term, the market is expected to remain tight, and reactors are expected to continue to struggle to secure sufficient primary supply in the face of waning secondary supplies. MRE are forecasting spot uranium prices to peak at US$100/lb in mid-2007 (US$90/lb 2007 average) before progressively dropping over the next four years to MRE’s long-run price forecast of US$35/lb, as primary supply starts responding to current high prices. However, the lion’s share of forecast growth in output comes from a small number of mines – any disruption to production at any of these mines is likely to have a major upward impact on spot prices (eg recent delay of the Cigar Lake underground project, plus current Ranger mine flooding issues).
Valuing top-line potential. Macquarie’s blended equity valuation of US$4.74ps (A$6.05ps) effectively values Paladin at ~US$13/lb resource at an enterprise level. In arriving at MRE’s 12month price target for Paladin, MRE have utilised a combination of their blended valuation (at our forecast uranium price peak of US$100/lb) and a comparable FY09 earnings multiple (13x EBITDA).

MRE have initiated coverage on PDN with a neutral recommendation and 12-month price target of $8.40. Paladin has a solid asset suite, strong growth profile and significant leverage to a booming uranium price. It also appears expensive on just about all metrics (as with nearly all other uranium plays globally). Despite appearing stretched in a pure valuation sense, it is hard to see Paladin materially underperforming given MRE’s forecast short-term bullish uranium price environment.

Traders looking for maximum exposure to short-term movements in the PDN share price should consider the following equity warrants for a high-risk, high-return strategy.

Investors and traders looking for short to medium-term leveraged exposure to the PDN share price should consider Macquarie Instalments for a higher risk, higher return alternative to direct share investment.
Macquarie Warrants and Structured Products to consider
Call Warrants Put Warrants Hot Instalments
PDNWMF Mar 07 $7.00
PDNWMG Jun 07 $9.00
PDNWMH May 07 $11.00
PDNWMP Jun 07 $8.00
Non-resetting
PDNIM3 Oct 07 $8.00
PDNIMS Dec 07 $6.50
PDNJMC Jun 08 $4.50
PDNJMD Jun 08 $7.

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

A nice gap down today. This constitutes weakness for the time being.

Still no short taken as no signal came. A gap up today (a positive day) on higher volume with very little in price movement - still relatively weak.
It trades sideways until a clearer environment is evident. It goes down more if there is a bigger drop in the near future.
Just an alternative to the blue skies, at least in the short term.

 

[Fab]

Re: PDN - Paladin Resources

I am surprised PDN is stagnating today. Any idea why ?

 

[Sean K]

Re: PDN - Paladin Resources

I am surprised PDN is stagnating today. Any idea why ?

Down 1% and a million shares traded....that's not stagnating.

 

[Halba]

Re: PDN - Paladin Resources

in the words of kennas one needs to be objective re: paladin. With no production figures(they have production problems), EPS, cash flows or anything of substance, where is the upside going to come from? Its market cap is $4.5billion dollars, there are plenty of companies making proper cash flow at that market cap.

 

[Sean K]

Re: PDN - Paladin Resources

in the words of kennas one needs to be objective re: paladin. With no production figures(they have production problems), EPS, cash flows or anything of substance, where is the upside going to come from? Its market cap is $4.5billion dollars, there are plenty of companies making proper cash flow at that market cap.

Interesting they haven't given detail of production to date, unless I missed it?

Upside will have to be from U spot conitued appreciation, production as forecast or better, growth through acquisition, Kayelekera going well, no market crash, and no more plane crashes.

All very possible.