PDN - Paladin Energy

[Halba]

Re: PDN - Paladin Resources

Great box seat. just hedged half their production? Not to mention some reports of proddy problems. I don't buy media hype.

Thats where the upcoming deposits are better placed -none of them are hedged and will get even higher than $100/lb later on.

 

[nizar]

Re: PDN - Paladin Resources

Great box seat. just hedged half their production? Not to mention some reports of proddy problems. I don't buy media hype.

Thats where the upcoming deposits are better placed -none of them are hedged and will get even higher than $100/lb later on.

Agree.
With U3O8 spot price above us$50/lb, PDN only partly benefits, not to the extent, that I, and the rest of the market, have previously thought.

 

[the barry]

Re: PDN - Paladin Resources

Great box seat. just hedged half their production? Not to mention some reports of proddy problems. I don't buy media hype.

Thats where the upcoming deposits are better placed -none of them are hedged and will get even higher than $100/lb later on.

All the article is saying is that paladin is in the best position of the uranium producing companies in Australia. If you want to buy a position into a currently producing company, its a no brainer, Paladin.

 

[reece55]

Re: PDN - Paladin Resources

If you want to buy a position into a currently producing company, its a no brainer, Paladin.

Hrmm.... I'm not sure about that.....

On every valuation metric, PDN is expensive - still reckon that even at $9.00 there is a fair bit of hype with this one. Chart wise, it has had a fairly big hit. But looks like it might break that 9 ish resistance today, so will it go for a double top?

Inevitably, I think this one will ultimately disappoint the market eventually, expectations are too high. Could be wrong though!

Cheers

 

[Halba]

Re: PDN - Paladin Resources

hi nizar.Yes i know it has been hedged for long time, but I didn't think it was half. Thats quite a lot of 2.2mil pounds production and even that is a risk in reaching their goals.

Thats why i think its better to have a diversified uu portfolio not just with paladin

They are heavily reliant on 2 projects and SMM deal going through(which it won't)...

I think borschoff is due to make a statement to the market today re: SMM so all eyes on that. Still they have achieved more than most and actually have deposits ready to produce.

 

[Fab]

Re: PDN - Paladin Resources

Hrmm.... I'm not sure about that.....

On every valuation metric, PDN is expensive - still reckon that even at $9.00 there is a fair bit of hype with this one. Chart wise, it has had a fairly big hit. But looks like it might break that 9 ish resistance today, so will it go for a double top?

Inevitably, I think this one will ultimately disappoint the market eventually, expectations are too high. Could be wrong though!

Cheers

That's right it is expensive on all metrics but then what do you compare it to as there is no benchmark for U company in the current market.
Also SEK is expensive as well but I will keep on buying into this one as on line advertising is due to boom in the next decade. So everything is relative

 

[madcabbie]

Re: PDN - Paladin Resources

PDN in pre-open

 

[Fab]

Re: PDN - Paladin Resources

PDN rising very strongly on tsx. It must be cameco news

 

[the barry]

Re: PDN - Paladin Resources

PDN rising very strongly on tsx. It must be cameco news

Currently up 5.15 percent on the tsx. Expect similiar things today on our exchange. Looking good.

 

[eMark]

Re: PDN - Paladin Resources

Excuse my ignorance, but what is the "T" SX?

 

[Gurgler]

Re: PDN - Paladin Resources

Excuse my ignorance, but what is the "T" SX?

eMark, it's the Toronto Stock Exchange.

 

[madcabbie]

Re: PDN - Paladin Resources

Excuse my ignorance, but what is the "T" SX?

TSX is the Toronto Stock exchange - here is the closing price/vol from the tsx: www.tsx.com (quotes are delayed 15mins on that site).

PDN 8.700 +0.430 +5.20 3,464,993 T 19 Mar 2007 16:31 ET - don't know about the exact closing time, but 4:30 p.m may be it.

 

[Fab]

Re: PDN - Paladin Resources

Excuse my ignorance, but what is the "T" SX?

Emark just to clarify on PDN listing. PDN is listed on the TSX and ASX. A bit like BHP is listed in London and Australia. So the overnight trend on the TSX often give you an indication of what might happen at opening in Australia.

 

[eMark]

Re: PDN - Paladin Resources

Emark just to clarify on PDN listing. PDN is listed on the TSX and ASX. A bit like BHP is listed in London and Australia. So the overnight trend on the TSX often give you an indication of what might happen at opening in Australia.

Thanks guys, very helpful. So far so good today.

 

[purple]

Re: PDN - Paladin Resources

Thanks guys, very helpful. So far so good today.

I hope this doesn't turn into a prolonged slugfest...

Australia's Summit Says Expects Paladin to Raise Bid (Update1)

By Angela Macdonald-Smith

March 20 (Bloomberg) -- Summit Resources Ltd., an Australian uranium explorer, formally rejected a share-based takeover offer from Paladin Resources Ltd. and said it expects the larger Perth- based rival to come back with a higher bid.

Paladin's offer doesn't reflect ``unrealized potential'' in Summit's exploration projects, Summit Chairman John Seton said today in a letter to shareholders lodged with the Australian Stock Exchange. Summit's Mt. Isa uranium deposit in Queensland may be developed into one of the world's top five uranium projects, the company said.

Paladin is offering one share for every 2.04 Summit shares, valuing Summit at A$4.49 a share, or about A$886 million ($707 million), based on yesterday's closing share prices. Summit shares closed yesterday at A$4.60, higher than the equivalent stock offer.

``We think that Paladin will come back because its our belief at this stage that they won't secure control of the company with the offer on the table and they really need a world-class project in a first-world country and that's something they don't have,'' Alan Eggers, managing director of Perth-based Summit, said today on a teleconference with reporters.

Shares in Paladin, which have more than doubled in the past six months, today gained as much as 28 cents, or 3.1 percent, to A$9.38 on the exchange. They were at A$9.16 at 3 p.m. in Sydney. Summit shares, which have more than trebled in the past six months, today rose as much as 10 cents, or 2.2 percent, to A$4.64. They were at A$4.60 at the same time.

To contact the reporter on this story: Angela Macdonald-Smith in Sydney at amacdonaldsm@bloomberg.net.

Last Updated: March 20, 2007 00:12 EDT

 

[Halba]

Re: PDN - Paladin Resources

Well at least they are open to a higher offer. $5.50 should do the trick for me. I'll sell my shares to ya PDN.

 

[purple]

Re: PDN - Paladin Resources

Well at least they are open to a higher offer. $5.50 should do the trick for me. I'll sell my shares to ya PDN.

not yet...LOL...



Summit reaffirms to reject Paladin takeover offer

Summit drill cores from the Mt Isa area


Summit Resources yesterday released its Target’s Statement, reaffirming its board’s advice to shareholders to reject that Paladin’s all-scrip hostile offer, which it says does not reflect the unrealised potential of Summit’s uranium, base metal and iron ore projects and extensive tenement holdings in Queensland.

Summit Resources Managing Director, Alan Eggers warned shareholders against accepting Paladin’s takeover offer.

“Paladin now recognises the unrealised potential of Summit’s assets, which are located in one of the most prospective uranium provinces in the world today,” Mr Eggers said.

“Paladin Managing Director John Borshoff’s comment yesterday that Summit has a ‘uranium province in the making’ confirms our belief that Paladin is attempting to capture value for Paladin shareholders that will otherwise flow to Summit shareholders,” he said.

Mr Eggers said the Summit board believes it is likely that Paladin will fail to get control of the company with this first attempt and will have to return with a higher offer at some point in the future.

“The benefits that Paladin stands to gain from this offer are not adequately reflected in the price that Paladin is offering,” Mr Eggers said.

“That is why we are continuing to urge all of our shareholders to reject Palain’s offer.”

- 21 Mar 2007

 

[Fab]

Re: PDN - Paladin Resources

PDN up 4% on the tsx overnight. It can't be bad for the opening on monday

 

[Fab]

Re: PDN - Paladin Resources

It looks to me that PDN is on a roll today. It went through the $9.50 resistance flying. Any comments why? Hopefully it will get back to $10 very soon.

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

It looks to me that PDN is on a roll today. It went through the $9.50 resistance flying. Any comments why? Hopefully it will get back to $10 very soon.

I just sold my holdings at $9.60, small profit about 4% in 5 days - weak volume today. I am quite happy to take profits in toppy not so bullish conditions.