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Re: PDN - Paladin Resources
April 23rd U3O8 spot=$113/lb ref UxC site
April 23rd U3O8 spot=$113/lb ref UxC site
PDN - Paladin Energy
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Re: PDN - Paladin Resources
.....interesting thing is if you do the same dilution calc using $113/lb i.e. assuming PDN would now be at $11.3 and SMM at $5.65 the resulting paladin price is around $10.90..... agree the market has got to be working out what on earth PDN is worth right now... and given the uncertainty is erring on conservatism... but by this calc the current 9.50'ish level seems cheap....
.....interesting thing is if you do the same dilution calc using $113/lb i.e. assuming PDN would now be at $11.3 and SMM at $5.65 the resulting paladin price is around $10.90..... agree the market has got to be working out what on earth PDN is worth right now... and given the uncertainty is erring on conservatism... but by this calc the current 9.50'ish level seems cheap....
Re: PDN - Paladin Resources
Yes I am thinking to buy more PDN and probably before the ALP meeting end of the week so I can get some upside to a likely decision of uranium mining to be allowed. I don't know that we can say 9.50 is cheap for PDN but if the alp changes its uranium policy now that PDN has bought SMM there should be some upside to PDN share price.
Yes I am thinking to buy more PDN and probably before the ALP meeting end of the week so I can get some upside to a likely decision of uranium mining to be allowed. I don't know that we can say 9.50 is cheap for PDN but if the alp changes its uranium policy now that PDN has bought SMM there should be some upside to PDN share price.
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Re: PDN - Paladin Resources
THOUGH.....even if they do overturn it....it DOESN'T mean Premier Beatme will ok any mining.
He MAY choose not to.
Perhaps to keep the coal miners happy
Just something to keep in Mind
After all that was 1 of the reasons SMM soldout to PDN.
:microwave
THOUGH.....even if they do overturn it....it DOESN'T mean Premier Beatme will ok any mining.
He MAY choose not to.
Perhaps to keep the coal miners happy
Just something to keep in Mind
After all that was 1 of the reasons SMM soldout to PDN.
:microwave
Re: PDN - Paladin Resources
Solid post.
Tend to agree.
THOUGH.....even if they do overturn it....it DOESN'T mean Premier Beatme will ok any mining.
He MAY choose not to.
Perhaps to keep the coal miners happy
Just something to keep in Mind
After all that was 1 of the reasons SMM soldout to PDN.
:microwave
Solid post.
Tend to agree.
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Re: PDN - Paladin Resources
I'm very hopeful that the ALP will overturn their ban on more Uranium miners.
If they do overturn their decision that news will make it to main stream news and squeeze out the shorters of PDN resulting in an upsurge to PDN's S/P.
I'm very hopeful that the ALP will overturn their ban on more Uranium miners.
If they do overturn their decision that news will make it to main stream news and squeeze out the shorters of PDN resulting in an upsurge to PDN's S/P.
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Re: PDN - Paladin Resources
There's always next year, if they don't change this year.
And next year the ALP will be in government federally, so I'm sure they can come up with some special research to show how going nuclear really will solve global warming after all - and we (the ALP) doesn't have its head buried in the sand!
I'm very hopeful that the ALP will overturn their ban on more Uranium miners.
If they do overturn their decision that news will make it to main stream news and squeeze out the shorters of PDN resulting in an upsurge to PDN's S/P.
There's always next year, if they don't change this year.
And next year the ALP will be in government federally, so I'm sure they can come up with some special research to show how going nuclear really will solve global warming after all - and we (the ALP) doesn't have its head buried in the sand!
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Re: PDN - Paladin Resources
I only started my investing career this year and picked PDN and AGS - so far I have been very pleased (and lucky) with their upward moves.
I'm crossing everything and assuming that it will go up after the ALP and the government comments over the weekend.
I read in amazement and appreciation the posts of some members and the level of knowledge they have about their shares and sectors. I have just come over from the AGS thread, some fantastic in depth comments in there about various U miners.
As a newbie-no-nothing investor I reckon upwards and thats only based on U being talked about positively over the weekend and nothing else
Thanks to those who post charts and explanations, I for one an learning alot.
I only started my investing career this year and picked PDN and AGS - so far I have been very pleased (and lucky) with their upward moves.
I'm crossing everything and assuming that it will go up after the ALP and the government comments over the weekend.
I read in amazement and appreciation the posts of some members and the level of knowledge they have about their shares and sectors. I have just come over from the AGS thread, some fantastic in depth comments in there about various U miners.
As a newbie-no-nothing investor I reckon upwards and thats only based on U being talked about positively over the weekend and nothing else
Thanks to those who post charts and explanations, I for one an learning alot.
Re: PDN - Paladin Resources
After the dramas of late feb/early march i hope to see a bit more upside in paladin after this weekend, but possibly the market thought the labor party decision was a done deal and has already factored it in. Time will tell. An interesting article on the U3O8 portal research section dated 19th april shows many uranium companies where management and directors have been cashing in options and selling at market, but aren't buying their own stock at market prices, but paladin management shows little sign of insider activity, suggesting they believe there to be a lot more upside to paladins SP.
hopefully they are right.
After the dramas of late feb/early march i hope to see a bit more upside in paladin after this weekend, but possibly the market thought the labor party decision was a done deal and has already factored it in. Time will tell. An interesting article on the U3O8 portal research section dated 19th april shows many uranium companies where management and directors have been cashing in options and selling at market, but aren't buying their own stock at market prices, but paladin management shows little sign of insider activity, suggesting they believe there to be a lot more upside to paladins SP.
hopefully they are right.
Re: PDN - Paladin Resources
What does the technical analysis of PDN say atm?
I was expecting PDN to go up, now that SMM is not going to blocked by political factors..
Also does anyone know how many uranium producers currently exist in the world?
Thanks in advance..
What does the technical analysis of PDN say atm?
I was expecting PDN to go up, now that SMM is not going to blocked by political factors..
Also does anyone know how many uranium producers currently exist in the world?
Thanks in advance..
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Re: PDN - Paladin Resources
As much as I like PDN I tried shorting it yesterday but my platform wouldn't let me. Hard to say what the go is but if it hits 8's again I'll be holding long as long as nothing major has changed. It's well placed to surge should any good news affect Aus Uranium mining sector!
As much as I like PDN I tried shorting it yesterday but my platform wouldn't let me. Hard to say what the go is but if it hits 8's again I'll be holding long as long as nothing major has changed. It's well placed to surge should any good news affect Aus Uranium mining sector!
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Re: PDN - Paladin Resources
Did I make a mistake signing the smm takeover deal? I see that PDN (which I also hold) has now got 62%. Just want to know if forum members think that it will at least get over the 80% so I can get some CGT relief. I think at this stage pdn should be talking with Areva and listening very hard to what it wants! Cheers
Did I make a mistake signing the smm takeover deal? I see that PDN (which I also hold) has now got 62%. Just want to know if forum members think that it will at least get over the 80% so I can get some CGT relief. I think at this stage pdn should be talking with Areva and listening very hard to what it wants! Cheers
bigdog
Retired many years ago
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Re: PDN - Paladin Resources
Would appreciate explanation of the following statement included above?
get over the 80% so I can get some CGT relief
-- how do you get relief if over 80%?
Would appreciate explanation of the following statement included above?
get over the 80% so I can get some CGT relief
-- how do you get relief if over 80%?
Re: PDN - Paladin Resources
I would hope that PDN is finding a bottom in the low 9's. It appears to be holding today. I check the TSX most nights (much to my disdain), and PDN over there has continued to fall the last few days. Surely it is due for some kind of boumce soon; that is apart from the 'correction' that we will no doubt have soon enough. Also posted in - Uranium a raging bull.
I would hope that PDN is finding a bottom in the low 9's. It appears to be holding today. I check the TSX most nights (much to my disdain), and PDN over there has continued to fall the last few days. Surely it is due for some kind of boumce soon; that is apart from the 'correction' that we will no doubt have soon enough. Also posted in - Uranium a raging bull.
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Re: PDN - Paladin Resources
I have been accumulating SMM since mid August. I'm not an accountant but my understandng is that I must hold an asset for >12 months to avoid Capital Gains Tax of 50%. If I hold for >12 months and then sell I pay a lower CGT (25%?). If I swap scrip in a takeover and if the acceptance is under 80% then I pay 50% CGT. But if there are more than 80% acceptance I can continue to hold the new scrip as if I had bought them at the time of the original purchase. Please other members correct me if I am wrong!!!
Re: PDN - Paladin Resources
drmb,
I'm no accountant as well but the way I understand it is you gotta ask yourself: What's your highest personal marginal tax rate (provided you're investing as an individual)?
From there, if you sell (means getting the cash proceeds from the sale) after <12 months, you're taxed at your highest PMTR (45%, 30%, 15%, or 0%, someone correct my percentages if I'm wrong) on the sale. If you sell after >12 months, that's half of your highest PMTR (i.e. 22.5%, 15%, 7.5%, or 0%).
But in this case where you're getting PDN shares in exchange for SMM ones, you're NOT getting taxed on your acquisition of PDN shares, as it is not a realised gain. You'll only get taxed according to the explanation above once you sell your acquired PDN shares.
Hope this helps
drmb,
I'm no accountant as well but the way I understand it is you gotta ask yourself: What's your highest personal marginal tax rate (provided you're investing as an individual)?
From there, if you sell (means getting the cash proceeds from the sale) after <12 months, you're taxed at your highest PMTR (45%, 30%, 15%, or 0%, someone correct my percentages if I'm wrong) on the sale. If you sell after >12 months, that's half of your highest PMTR (i.e. 22.5%, 15%, 7.5%, or 0%).
But in this case where you're getting PDN shares in exchange for SMM ones, you're NOT getting taxed on your acquisition of PDN shares, as it is not a realised gain. You'll only get taxed according to the explanation above once you sell your acquired PDN shares.
Hope this helps
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Re: PDN - Paladin Resources
yes but the date that you get CGT relief will be from the time you purchased your SMM shares not when you recieved your PDN shares, thats the issue most people will be concerned with.
drmb,
I'm no accountant as well but the way I understand it is you gotta ask yourself: What's your highest personal marginal tax rate (provided you're investing as an individual)?
From there, if you sell (means getting the cash proceeds from the sale) after <12 months, you're taxed at your highest PMTR (45%, 30%, 15%, or 0%, someone correct my percentages if I'm wrong) on the sale. If you sell after >12 months, that's half of your highest PMTR (i.e. 22.5%, 15%, 7.5%, or 0%).
But in this case where you're getting PDN shares in exchange for SMM ones, you're NOT getting taxed on your acquisition of PDN shares, as it is not a realised gain. You'll only get taxed according to the explanation above once you sell your acquired PDN shares.
Hope this helps
yes but the date that you get CGT relief will be from the time you purchased your SMM shares not when you recieved your PDN shares, thats the issue most people will be concerned with.
