PDN - Paladin Energy

[greggy]

Re: PDN - Paladin Resources

It is only logical for the major players to acquire company's that are already producing/or close to producing to take advantage of the rising uranium prices. The spot price isn't going to raise forever and with every man and his dog out with his shovel digging for uranium the window of opportunity is now. I have to agree that at some point this whole sector is going to fall on its bum with only the selected few to come through unscathed.

Possibly...But I have noticed that the uranium sceptics have been out there for the last couple of years predicting an end to the uranium boom. Meanwhile Areva, Mega and others seem to be rushing to get their hands on the best of our uranium ground. Its very serious money we're talking about here. Nuclear power will be one of the keys to our future should we wish to combat climate change.
DYOR

 

[Kauri]

Re: PDN - Paladin Resources

..21/5/07.. Starting to look a little interesting, however I personally will be waiting for a minor W1--W2 to form before I consider getting back on.. .

Well it looks like we may have the minor W1 forming, now for the W2 retrace to find a possible entry???

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

Well it looks like we may have the minor W1 forming, now for the W2 retrace to find a possible entry???

Kauri,

I see you are well into this EW trading style. In hindsight how has the progression been. Who is your EW influence in terms of theory and application? As far as PDN is concerned do you think the theory will hold up?

 

[Kauri]

Re: PDN - Paladin Resources

Snake,

Kauri,

I see you are well into this EW trading style. In hindsight how has the progression been. ?

Slow, and a lot of hard work.

Who is your EW influence in terms of theory and application?

Theory..Nicks book rekindled an old interest, Miners book gave the nuts and bolts I needed to adapt it to my trading style.
Application..Me

As far as PDN is concerned do you think the theory will hold up?

No idea, if it sets up according to my entry criterea I will trade it until the price action tells me I shouldn't.

 

[Gurgler]

Re: PDN - Paladin Resources

And this from a just released article:

"In the meantime, rumours of a takeover bid for Paladin Resources (PDN) by French company Areva had that stock running yesterday. Areva denied everything, but rumour mongers are suggesting the Gauls will make their move once Paladin has completed its takeover of Summit Resources (SMM)."

From "Base Metals Take A Hit Overnight"
FN Arena News - May 23 2007

 

[Go Nuke]

Re: PDN - Paladin Resources

And this from a just released article:

"In the meantime, rumours of a takeover bid for Paladin Resources (PDN) by French company Areva had that stock running yesterday. Areva denied everything, but rumour mongers are suggesting the Gauls will make their move once Paladin has completed its takeover of Summit Resources (SMM)."

From "Base Metals Take A Hit Overnight"
FN Arena News - May 23 2007

OOh that would make things interesting now wouldn't it.
But I couldn't see it happening either.

At least the T/O end is within sight.

 

[prawn_86]

Re: PDN - Paladin Resources

from what i can gather, there would be no point in areva making a takeover for pdn at this stage as Areva tends to focus more on the use of uranium rather than mining it.
Also the t/o looks set to drag out even longer as pdn has only secured approx 71% which still isnt enough and arevas 10.1% stake of smmm is proving to be rather annoying.
could be turbulent over the short term if you ask me, but still excellent long term stock. top up now if you have the capital imo

 

[eMark]

Re: PDN - Paladin Resources

For what it's worth PDN finished nicely today. Down at one point 36c to 8.50, and getting back up as high as 5c than it's previous close, and then settling in the mid 8.70's. I honestly thought PDN would do much worse today; with PDN TSX closing down 48c, and an overall negative day across the board.

I noticed that PDN now has 76% acceptances from SMM. That probably helped. I just thought it would go much lower than it did, and continue downwards, instead displaying a strong recovery at the end of a week.

 

[rederob]

Re: PDN - Paladin Resources

eMark
I had a contingency buy order and it missed on Friday: Being away from the screens during market hours has a downside
I am going to ratchet my buy price up to the closing price and add a final 2K to my PDN holding.
As a fundamentalist, I like to see what the chartists are suggesting - I like kauri's chart styles for their simplicity - however I ignore them as my interests are much longer term than the traders on this site.
If PDN isn't over $15 by year's end, email me and I will send you a slab of your favourite beer.
I'm actually punting for it to enter 2008 with a double digit figure starting with "2". Although I should say that this is based on uranium also starting the year with that magic number in front

 

[drmb]

Re: PDN - Paladin Resources

PDN.TO on TSX closed Ca$7.98 (vol <2mil) up 5.4% on 25 May. Expect pdn.ax to open imo about 9-9.25 on Monday 27 May. Once SMM acceptances hit 80% and cgt relief kicks in, could see all the smaller hold outs convert, leaving only Areva and PDN to go eyeball to eyeball

 

[j4mesa]

Re: PDN - Paladin Resources

eMark

If PDN isn't over $15 by year's end, email me and I will send you a slab of your favourite beer.
I'm actually punting for it to enter 2008 with a double digit figure starting with "2". Although I should say that this is based on uranium also starting the year with that magic number in front

Ok rederob, I will remember your promise by the end of 2007. Can i choose any beer I want ?? .....Either way PDN goes, I win either money or beer ......

 

[Logique]

Re: PDN - Paladin Resources

If PDN isn't over $15 by year's end, email me and I will send you a slab of your favourite beer.

Hey I'd like a piece of that action! Like j4mesa said, it's a good deal either way.

But don't get me wrong, I'm long, believer in PDN.

 

[eMark]

Re: PDN - Paladin Resources

Ok rederob, I will remember your promise by the end of 2007. Can i choose any beer I want ?? .....Either way PDN goes, I win either money or beer ......

Ummm......j4mesa I think the beer was promised to me from Redrob, not you, but hey if PDN does close out the year at around $15.00 your more than welcome to crack open a couple of coldies along with us. It sure won't break the budget Here's to next week...

 

[eMark]

Re: PDN - Paladin Resources

eMark
I had a contingency buy order and it missed on Friday: Being away from the screens during market hours has a downside
I am going to ratchet my buy price up to the closing price and add a final 2K to my PDN holding.
As a fundamentalist, I like to see what the chartists are suggesting - I like kauri's chart styles for their simplicity - however I ignore them as my interests are much longer term than the traders on this site.
If PDN isn't over $15 by year's end, email me and I will send you a slab of your favourite beer.
I'm actually punting for it to enter 2008 with a double digit figure starting with "2". Although I should say that this is based on uranium also starting the year with that magic number in front

Redrob.

At the moment, I'm looking for a lower entry point into PDN. When reflecting on your comments re PDN reaching $15.00 by the end of the year, me searching for a lower buy price almost sounds pointless. But recently I've been averaging down my original buy price care of the recent volatility (ie my original buy price has been in the high nines). I've been making some nice short term profits. But my thinking is that I would probably like to get out completely, and then get back in lower due to PDN's current susceptibility to arresting if we have a major correction in the short term. Anyway it's food for thought.

 

[Kauri]

Re: PDN - Paladin Resources

Still a tad confusing for mine.. but.... seems a possible turning point for W4, given that SMM is nearly tied up (Barring Areva's stake). Will be watching, as time allows, for a clearer pattern with vol to form..or not.

 

[rederob]

Re: PDN - Paladin Resources

Kauri
I think the problem is that with takeovers, and another bidder in the wings, the charts get totally confounding.
I use a 5 year log chart to get a better handle on where PDN is going to be and the trend channels make my target price look quite pessimistic. That view will only change if PDN can't break its present shackles in the next few months, and simply continues to meander - or consolidate. Any further downside of magnitude to PDN's price will be speculative as the price of uranium continues to ratchet higher this company's NPV.

eMark
I hold 7k PDN at average $6.59 and missed on Friday as my order was at $8.45. So I think an extra slab or two if I miss the $15 mark by year end is affordable.
A point of difference between me and the traders could well be that I do not ever anticipate selling PDN in my lifetime. So when a good dip comes along, and my portfolio can accommodate a bit more "uranium", I will be bidding.
Over the next two years I anticipate rotating more into energy and precious metals, and less and less in base metals.

 

[prawn_86]

Re: PDN - Paladin Resources

emark makes a good point imo. PDN is very vulnerable if a correction does happen. You would think that a correction would be coming soon, but if you are contstantly saying that then there a plenty of missed opportunities.

I also hold PDN as a long term investment, perhaps not my lifetime but definetly over 5 years, or until i need the money for something more important (post grad degree).

 

[x2rider]

Re: PDN - Paladin Resources

Hi folks
Don't know if I am reading that right but could be some delays on the Kayelekera project.
Seems to be some problems with the Malawi enviromental management act.
But it looks like it's off to court to try and settle it. Can't help thinking that this is another piece of news that will have a negative affect on the SP tomorrow.

Cheers Martin

 

[rederob]

Re: PDN - Paladin Resources

I upped my contingency order to $8.80 last night and discover yet again I have dipped out!
So I'm going to lower it to $8.65 now.
My theory is that the price is following my bids; so if I bid low tomorrow then I can trick the market into falling back, and then wind my bid up a tad to get what I want!
It's a hairbrained theory, to match a hairbrained market.
Shall report back tomorrow night with the (good??) news.

 

[markrmau]

Re: PDN - Paladin Resources

Good to hear you are so bullish on PDN rederob. I am a new holder courtesy of smm t/o, and my broker is telling me to sell. I disagree.

I see plenty of upside in U price. It is one of those situations where mining supply is limited (though in actual fact U is quite common in earth's crust) and demand is relatively inelastic and is increasing. Also the 'commonly accepted wisdom' is that we are in a U bubble which is about to burst.

These points lead me to believe we are near the beginning of a massive U bull run which will take the price far further than any of the market participants thought possible (thanks R. Farleigh).