Sean K
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PDN - Paladin Energy
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Re: PDN - Paladin Resources
Regarding concerns about PDN's future acquisitions announcements diluting the share price, although it doesn't mean short-term, here is a bit of confirmation there will be more:
"Paladin eyeing another buy before year's end
(Wednesday, 18 April 2007)
PALADIN Resources managing director John Borshoff says the company's merger and acquisition ambitions have not yet been satisfied, with the uranium miner looking to carry out at least one more deal before the year is out."
(From mining news)
Regarding concerns about PDN's future acquisitions announcements diluting the share price, although it doesn't mean short-term, here is a bit of confirmation there will be more:
"Paladin eyeing another buy before year's end
(Wednesday, 18 April 2007)
PALADIN Resources managing director John Borshoff says the company's merger and acquisition ambitions have not yet been satisfied, with the uranium miner looking to carry out at least one more deal before the year is out."
(From mining news)
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Re: PDN - Paladin Resources
Another rise in the price of Uranium would be nice as my out price as a short term trader is 10.00 ish. I'm bullish PDN but on the chart I would like to see the SS signal cross and move upward and the momentun turn around. A further reduction in the coming days volume would indicate a sell sooner than later. An Aussie favorite either way.
Another rise in the price of Uranium would be nice as my out price as a short term trader is 10.00 ish. I'm bullish PDN but on the chart I would like to see the SS signal cross and move upward and the momentun turn around. A further reduction in the coming days volume would indicate a sell sooner than later. An Aussie favorite either way.
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Re: PDN - Paladin Resources
I've been tracking Paladin for a while and have recently jumped on board... was wondering whether anyone else had observed that up until the recent correction the PDN SP which tracks the U3O8 spot almost 1$ for every $10 respectively.. had got ahead a dollar or so... then with the correction currently the PDN SP at $9.50 is about $2.00 behind where correlation with the U3O8 price suggests it should be( i.e $113/ib from 16th April)... seems the bulls have turned into bears...
I've been tracking Paladin for a while and have recently jumped on board... was wondering whether anyone else had observed that up until the recent correction the PDN SP which tracks the U3O8 spot almost 1$ for every $10 respectively.. had got ahead a dollar or so... then with the correction currently the PDN SP at $9.50 is about $2.00 behind where correlation with the U3O8 price suggests it should be( i.e $113/ib from 16th April)... seems the bulls have turned into bears...
Sean K
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Re: PDN - Paladin Resources
Yes, but remember Halba, if you take into consideration the dilution, you have to take into consideration the 100m lbs (maybe) in the current targets, plus the potential in the Georgia Basin, plus the Iron Ore tenaments, plus base metals, plus any exploration potential. And also that they won't be able to mine the U anyway, when Rudd hands Beatboy the decision to allow mining or not!
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Re: PDN - Paladin Resources
$2 seems like a huge price to pay for dilution... haven't done the maths but will do... cheers...
$2 seems like a huge price to pay for dilution... haven't done the maths but will do... cheers...
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Re: PDN - Paladin Resources
Just imagine if Beattie does a back flip on Uranium !
Just imagine if Beattie does a back flip on Uranium !
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Re: PDN - Paladin Resources
yeah ... Rudd will have a harder time getting elected if he can't get his possee to ride along with him on such an important issue..... he'll be cornered when it comes to debates concerning global warming..... if i'm holding at the time think i'll vote howard back in!!
yeah ... Rudd will have a harder time getting elected if he can't get his possee to ride along with him on such an important issue..... he'll be cornered when it comes to debates concerning global warming..... if i'm holding at the time think i'll vote howard back in!!
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Re: PDN - Paladin Resources
I did some quick and dirty maths on the dilution effect:
Assumptions:
PDN @ $10 and 501 million shares
SMM @ $5 and 197 million shares
= $6 billion
PDN post acceptance of offer:
501 + 197/1.67 = 619 million shares
= 6000/619 = $9.69
Pretty much where we are now... but underlying that is a uranium price of $95/lb... so should expect $10.50 - 11.00 if $113/lb is confirmed ... hope it's more - and could be as apparently sellers are holding back stock in anticipation of being able to gain higher prices/bidding the market up.... anyone got the latest spot price??!!
I did some quick and dirty maths on the dilution effect:
Assumptions:
PDN @ $10 and 501 million shares
SMM @ $5 and 197 million shares
= $6 billion
PDN post acceptance of offer:
501 + 197/1.67 = 619 million shares
= 6000/619 = $9.69
Pretty much where we are now... but underlying that is a uranium price of $95/lb... so should expect $10.50 - 11.00 if $113/lb is confirmed ... hope it's more - and could be as apparently sellers are holding back stock in anticipation of being able to gain higher prices/bidding the market up.... anyone got the latest spot price??!!
Re: PDN - Paladin Resources
I wouldnt be worried about the Labor Party - they will change their Uranium policy this weekend at their conference. And Beattie has a track record of supporting good business opportunities for QLD.
Beattie will support PDN in QLD, have no doubt about that.
I wouldnt be worried about the Labor Party - they will change their Uranium policy this weekend at their conference. And Beattie has a track record of supporting good business opportunities for QLD.
Beattie will support PDN in QLD, have no doubt about that.
Re: PDN - Paladin Resources
I hold Paladin shares (now) and have the following broker report for people to read:
http://searchservice.relegence.com/Acquisitions/Research/FirstCall/Content/210407/wwa61410.pdf
I hold Paladin shares (now) and have the following broker report for people to read:
http://searchservice.relegence.com/Acquisitions/Research/FirstCall/Content/210407/wwa61410.pdf
Re: PDN - Paladin Resources
Halba I'm a bit surprised that you hold PDN especially after reading that report as the broker certainly makes a big point that they don't recommend to buy PDN at current prices as the risks associated with that company are too high. All of the good news is already factored into the price.
Best regards
Champ
Halba I'm a bit surprised that you hold PDN especially after reading that report as the broker certainly makes a big point that they don't recommend to buy PDN at current prices as the risks associated with that company are too high. All of the good news is already factored into the price.
Best regards
Champ
Re: PDN - Paladin Resources
Got them through my SMM shares, but I will hold them. I think the broker reports are a bit harsh myself. I think PDN mngmt is their main plus point, very aggressive and they will start up more mines as well which will support the SP. I guess with uranium prices $150-200lb, pdn should be okay. They are looking at North america starting up some mine there too. They probably need only one more producing project to give it the next leg up. At this stage Malawi and LH are factored in.
Got them through my SMM shares
, but I will hold them. I think the broker reports are a bit harsh myself. I think PDN mngmt is their main plus point, very aggressive and they will start up more mines as well which will support the SP. I guess with uranium prices $150-200lb, pdn should be okay. They are looking at North america starting up some mine there too. They probably need only one more producing project to give it the next leg up. At this stage Malawi and LH are factored in.
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Re: PDN - Paladin Resources
It would be quite unusual for a company like PDN to not find more uranium, or increase it reserves/resource base substantially in coming years.
I think JB Were's analyst report is sound, based on what is known.
However, it ignores a fundamental market reality: The strong grow stronger.
It would be quite unusual for a company like PDN to not find more uranium, or increase it reserves/resource base substantially in coming years.
I think JB Were's analyst report is sound, based on what is known.
However, it ignores a fundamental market reality: The strong grow stronger.
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Re: PDN - Paladin Resources
With Summit conquered, Paladin ups Deep Yellow holding
Tuesday, 17 April 2007
Paul Garvey
URANIUM miner Paladin Resources has toasted the success of its bid for Queensland uranium play Summit Resources by forking out more than $5.5 million to increase its stake in fellow Namibia-focused company Deep Yellow.
Paladin spent $5.56 million or an average 48.5c per share to top up its Deep Yellow holding by 11.46 million shares.
With a previous stake of 10.6%, Paladin ranked as Deep Yellow's largest shareholder, and now controls 11.8% of the explorer's issued capital.
News of Paladin's top-up explained the heavy trading in Deep Yellow shares yesterday.
Some 23.6 million Deep Yellow shares changed hands as the company's share price moved from 50.5c at opening to 58c at the close.
Deep Yellow, which has a reputation as a favourite stock among day traders, has typically averaged turnover of between 2 million and 8 million shares per day.
The company was again the subject of heavy trading today, with 26.7 million shares changing hands as the company's share price lost 3.5c to 54.5c.
Deep Yellow's key asset is its Reptile project to the south and southwest of Paladin's flagship Langer Heinrich mine.
Exploration work at Reptile by previous explorers has defined non-JORC compliant resources containing 18,000 tonnes of uranium oxide, and much of Deep Yellow's work has focused on verifying that historical work.
Last Friday, Deep Yellow began a reverse circulation drilling program at Reptile, with first results from that work expected in as little as five weeks.
Deep Yellow director Martin Kavanagh told MiningNews.net he attributed today's heavy share volumes to profit-taking after yesterday's gain.
"Yesterday's heavy trading came on the back of the Summit-Paladin deal, and I suppose some people may have thought we might be on Paladin's radar, that we might be Paladin's next acquisition," Kavanagh said.
He added that any potential bid for Deep Yellow would need to overcome the fact the company's top 10 shareholders held around 50% of the company's stock, with executive chairman Leon Pretorius alone holding about 60 million shares.
Kavanagh said Deep Yellow had a good relationship with management at Paladin, with Deep Yellow having picked up one of its first uranium projects from Paladin.
Paladin sold Deep Yellow the Napperby uranium project in the Northern Territory, which has since been sold to Toro Energy.
Yesterday, Summit surprised many when it agreed to the terms of Paladin's revised takeover offer of one Paladin share for every 1.67 Summit shares held.
Paladin's shares had lost 57c to $9.83 by the close of trading today.
With Summit conquered, Paladin ups Deep Yellow holding
Tuesday, 17 April 2007
Paul Garvey
URANIUM miner Paladin Resources has toasted the success of its bid for Queensland uranium play Summit Resources by forking out more than $5.5 million to increase its stake in fellow Namibia-focused company Deep Yellow.
Paladin spent $5.56 million or an average 48.5c per share to top up its Deep Yellow holding by 11.46 million shares.
With a previous stake of 10.6%, Paladin ranked as Deep Yellow's largest shareholder, and now controls 11.8% of the explorer's issued capital.
News of Paladin's top-up explained the heavy trading in Deep Yellow shares yesterday.
Some 23.6 million Deep Yellow shares changed hands as the company's share price moved from 50.5c at opening to 58c at the close.
Deep Yellow, which has a reputation as a favourite stock among day traders, has typically averaged turnover of between 2 million and 8 million shares per day.
The company was again the subject of heavy trading today, with 26.7 million shares changing hands as the company's share price lost 3.5c to 54.5c.
Deep Yellow's key asset is its Reptile project to the south and southwest of Paladin's flagship Langer Heinrich mine.
Exploration work at Reptile by previous explorers has defined non-JORC compliant resources containing 18,000 tonnes of uranium oxide, and much of Deep Yellow's work has focused on verifying that historical work.
Last Friday, Deep Yellow began a reverse circulation drilling program at Reptile, with first results from that work expected in as little as five weeks.
Deep Yellow director Martin Kavanagh told MiningNews.net he attributed today's heavy share volumes to profit-taking after yesterday's gain.
"Yesterday's heavy trading came on the back of the Summit-Paladin deal, and I suppose some people may have thought we might be on Paladin's radar, that we might be Paladin's next acquisition," Kavanagh said.
He added that any potential bid for Deep Yellow would need to overcome the fact the company's top 10 shareholders held around 50% of the company's stock, with executive chairman Leon Pretorius alone holding about 60 million shares.
Kavanagh said Deep Yellow had a good relationship with management at Paladin, with Deep Yellow having picked up one of its first uranium projects from Paladin.
Paladin sold Deep Yellow the Napperby uranium project in the Northern Territory, which has since been sold to Toro Energy.
Yesterday, Summit surprised many when it agreed to the terms of Paladin's revised takeover offer of one Paladin share for every 1.67 Summit shares held.
Paladin's shares had lost 57c to $9.83 by the close of trading today.
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Re: PDN - Paladin Resources
Paladin eyeing another buy before year's end
Wednesday, 18 April 2007
Paul Garvey
PALADIN Resources managing director John Borshoff says the company's merger and acquisition ambitions have not yet been satisfied, with the uranium miner looking to carry out at least one more deal before the year is out.
Fresh from winning the approval of the Summit Resources board for Paladin's billion-dollar bid for the Queensland-focused uranium play, Borshoff told MiningNews.net the company still had "three or four M&A targets lined up".
"Later this year should see something else, with a bit of luck," he said.
Borshoff said the company was aiming to build an asset base across Africa, Australia, Asia and North America. To date, Paladin holds the producing Langer Heinrich mine in Namibia, the advanced Kyalakera project in Malawi, and several exploration assets in Australia.
A successful takeover of Summit will also deliver Paladin full control of the Valhalla uranium deposit in Queensland, part of Summit's broader Mt Isa project.
He said the company was treading carefully with its assessments of potential targets, given the current heat in uranium equities.
"We've got to make sure we're not going along with gay abandon, we have to make sure the opportunity is there. As you can imagine, we're getting offers all over the place," he said.
Borshoff's comments came as Paladin topped up its stake in Namibia-focused explorer Deep Yellow. On Monday, Paladin forked out $5.5 million to increase its holding in Deep Yellow from 10.6% to 11.8% (see separate story).
Borshoff said the Deep Yellow purchase was consistent with its policy of maintaining a strategic position in the junior.
He said he was attracted to Deep Yellow's suite of exploration assets in areas relatively under-explored for uranium, including 50,000 square kilometers of ground in the Tanami-Arunta desert of the Northern Territory.
"Lots of uranium companies at the moment are looking at the easy low-hanging fruit, which is not looking so good these days, but the future lies with companies looking in new areas," he said.
Borshoff added that the Deep Yellow investment would have gone ahead irrespective of the success of Paladin's bid for Summit.
Finally, Borshoff said the company would sit down with French group Areva – which last week brokered a template for a $250 million investment in Summit – to work out a new structure for that relationship.
Areva had been poised to take a significant equity stake in Summit, but with that agreement subject to approval by Summit shareholders, Borshoff said the two parties would need to revisit the structure of the deal.
He said the new Areva transaction would almost certainly not involve the French nuclear giant taking up equity in Paladin, with Borshoff indicating a joint venture would be the most likely solution.
Paladin eyeing another buy before year's end
Wednesday, 18 April 2007
Paul Garvey
PALADIN Resources managing director John Borshoff says the company's merger and acquisition ambitions have not yet been satisfied, with the uranium miner looking to carry out at least one more deal before the year is out.
Fresh from winning the approval of the Summit Resources board for Paladin's billion-dollar bid for the Queensland-focused uranium play, Borshoff told MiningNews.net the company still had "three or four M&A targets lined up".
"Later this year should see something else, with a bit of luck," he said.
Borshoff said the company was aiming to build an asset base across Africa, Australia, Asia and North America. To date, Paladin holds the producing Langer Heinrich mine in Namibia, the advanced Kyalakera project in Malawi, and several exploration assets in Australia.
A successful takeover of Summit will also deliver Paladin full control of the Valhalla uranium deposit in Queensland, part of Summit's broader Mt Isa project.
He said the company was treading carefully with its assessments of potential targets, given the current heat in uranium equities.
"We've got to make sure we're not going along with gay abandon, we have to make sure the opportunity is there. As you can imagine, we're getting offers all over the place," he said.
Borshoff's comments came as Paladin topped up its stake in Namibia-focused explorer Deep Yellow. On Monday, Paladin forked out $5.5 million to increase its holding in Deep Yellow from 10.6% to 11.8% (see separate story).
Borshoff said the Deep Yellow purchase was consistent with its policy of maintaining a strategic position in the junior.
He said he was attracted to Deep Yellow's suite of exploration assets in areas relatively under-explored for uranium, including 50,000 square kilometers of ground in the Tanami-Arunta desert of the Northern Territory.
"Lots of uranium companies at the moment are looking at the easy low-hanging fruit, which is not looking so good these days, but the future lies with companies looking in new areas," he said.
Borshoff added that the Deep Yellow investment would have gone ahead irrespective of the success of Paladin's bid for Summit.
Finally, Borshoff said the company would sit down with French group Areva – which last week brokered a template for a $250 million investment in Summit – to work out a new structure for that relationship.
Areva had been poised to take a significant equity stake in Summit, but with that agreement subject to approval by Summit shareholders, Borshoff said the two parties would need to revisit the structure of the deal.
He said the new Areva transaction would almost certainly not involve the French nuclear giant taking up equity in Paladin, with Borshoff indicating a joint venture would be the most likely solution.
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Re: PDN - Paladin Resources
Old news. Why post that one week after it happened?
Old news. Why post that one week after it happened?
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Re: PDN - Paladin Resources
If paladin gets big enough.. with enough new near term start-up projects under it's control it could become a significant strategic player - controlling the amount of unranium that's available to the market at any one time... and so able to control prices rather than have to compete against other e.g. australian, producers... just a macchiavellian thought.... but a good one!
If paladin gets big enough.. with enough new near term start-up projects under it's control it could become a significant strategic player - controlling the amount of unranium that's available to the market at any one time... and so able to control prices rather than have to compete against other e.g. australian, producers... just a macchiavellian thought.... but a good one!
