PDN - Paladin Energy

[rederob]

Re: PDN - Paladin Resources

dj
Thanks for the morning read
I regard PDN as the "no brainer" from an investing perspective.
Your posted article confirms the long term potential of the company.
An aspect that many investors/traders regularly overlook is that the resources of a company seldom contract in the early years. One of the best examples is Grasberg, which originally was a meagre resource with a bit of potential. It's now the worlds largest copper-gold mine by a long chalk.
Accordingly, as PDN gets production underway and continues infill and nearby tenement exploration, resource upgrades are very likely.
I don't think it will be too long before PDN joins the big league of producers, and has a sales pipeline leveraged to continually higher spot uranium.

 

[Fab]

Re: PDN - Paladin Resources

I read in the Eureka report this week that tenant in the NT mainly in Amhem land are very prospective one. The question I have is which company are exploring there ??

 

[j4mesa]

Re: PDN - Paladin Resources

When I google it,it seems to be somewhere close to the Kakadu, has some degree of prooximity to the FNT tenements.......

 

[Kauri]

Re: PDN - Paladin Resources

Kauri,

Yes material is hard to get and I personally don't use it 100%. I am a hybrid


Cheers

Hi Snake,
This is what I have managed to gather so far re-Wycoff/prudens wycoff from around the web...
....Cheers
..........Kauri

 

[Kauri]

Re: PDN - Paladin Resources

PDN has reached what I consider to be the typical W2 area... will be interesting to see if it rallies strongly from here..
...Cheers
.......Kauri

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

Kauri,

A lot of it is useless I have found, especially for the ASX.
Is your wave count turning out ok?

How is the DT software?

PDN down today hopefully to reject sub $8.60ish.

 

[reece55]

Re: PDN - Paladin Resources

Kauri,

A lot of it is useless I have found, especially for the ASX.
Is your wave count turning out ok?

How is the DT software?

PDN down today hopefully to reject sub $8.60ish.

Looks like that 8.40 that I thought had formed as support has gone straight through (again!).

Comsec no. 1 stock today, yesterday and the day before. All are out of the money here, so unless we see some insto buying underneath it all, the momentum is downwards.

Anyone game to enter???

Cheers

 

[Moneybags]

Re: PDN - Paladin Resources

Reece,

I was shocked at how much this dropped this morning on open. Has come back a bit but I'm thinking of bailing. Entered at 8.34 so not too bad but a little worried about what tomorrow might bring if I hang on.

MB

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

I was butchered at the open today - stop was gapped and then trigered at market.

Fortunately only a bandaid will heal the wound to the account. MM.

 

[Moneybags]

Re: PDN - Paladin Resources

Sorry to hear that Snake, I don't think anyone expected it to open like it did.

I had a look at the chart for the last 5 days and there are gaps everywhere.

MB

 

[It's Snake Pliskin]

Re: PDN - Paladin Resources

Sorry to hear that Snake, I don't think anyone expected it to open like it did.

I had a look at the chart for the last 5 days and there are gaps everywhere.

MB

Yes,

Thank you for your condolences MB.
In retrospect it was not a trade I should have taken. I played my trade out but should have closed out yesterday when faced with the gap at the open.

Hindsight bias, yes.

 

[billhill]

Re: PDN - Paladin Resources

Hey guys. i don't know if this relates to todays falls but this is how i see things at the moment. A lot of money has left the U sector for oil and gas in the last few months. This has lead to PDN basically trading in a sideways/mild downtrend pattern. When the U sector was running hot PDN was one of its darlings and from memory reached around 11 dollars. I don't know for sure but i guess around that time alot of institutions were buying up PDN. Now that the price has dropped well below its highs i'm guessing alot of institutions are holding PDN at a paper loss. So my thinking is that alot will sell out before the end of finacial year to write off the loss. I think up until today many institutions were waiting to see what the share price was going to do. After all it was looking stronger only a week ago. Maybe to a few institutions saw the weekness yeaterday and decided to dump PDN today this would have depressed the price and other institutions seeing the price fall began to panic and sell out too because they obviously want the best price possible. It will be interesting to see what this stock does after the finacial year. Anyway just my opinion and would like to hear what other people think aswell.

 

[Sean K]

Re: PDN - Paladin Resources

I was waiting for a clear break through horizontal line at 9.00 ish, which is now even more significant. Did look to have broken downtrend, but I needed to see it clear that level. Probably lucky in the end, as I was very close to a CFD on that break up, and the gap down through 8.50 support this morning would have been ordinary. You'd expect 8.00 and 200 d ma to once again provide support. Under that, and ouch. Would have to consider a short.

 

[Out Too Soon]

Re: PDN - Paladin Resources

DOom & Gloom! we all know from experience the market never bounces back & we should sell everything at a loss I put in an order for PDN on 15th june (@$8.13) & was upset when I missed out, watched the ride over $9 but I didn't cancel the order & shock horror it went through today So I'll just sit on it & all the other red stocks I have at such a bargain & welcome in the NEW FINANCIAL YEAR.

PS:- 'Don't Panic'

 

[JJP]

Re: PDN - Paladin Resources

High flying stock that many commodity traders and investors follow.

Its obvious to me (and I am surprised other posters don't seem to be aware)......PDN made it very clear in their last quarterly that they have forward sold 1.5 million pounds of uranium PA.

That started in 2007 for a period of 5 years.

They have only shipped 200,000 pounds in the first half of 2007.......so this is a real issue of concern for the company. It is entirely possible, they need to buy hundreds of thousands of pounds of product on the spot market to meet their 2007 supply obligations.

Is it absolutely certain they will overcome all their production probles EVER.

Info provided by the company is not clear......so why would you buy this stock, already priced to perfection, when there are these question marks of a serious nature.

Company don't use the word HEDGING.......it is a dirty word when the product produced by a mining company increases by 200% in 18 months.
But there can be no doubt, they do have supply and price (probably unfavorably currency forwards) as well locked in.

SUPPLY is the prime issue right now for them however.

 

[Out Too Soon]

Re: PDN - Paladin Resources

woops, OUCH!
wasn't aware of that JJP, hope that's not the case, I still have some almost worthless Croesus shares. Where did you get this hedging by any other name info, is it really in thier last qtr report? Maybe I'm guilty of just reading the good news.

 

[Yeti]

Re: PDN - Paladin Resources

From page three of PDN's March 2007 Quarterly Financial Report and MD&A:-

It is in this context that the significance of Paladin's production readiness should be examined.
Paladin has term sales contracts to US utilities for approximately 7.5Mlbs U3O8 for delivery between
2007 to 2012. These contracts were required to meet bankers’ conditions for its Langer Heinrich
Project loan. Kayelekera is forecast to reach full production of 3.3Mlbs U3O8 per annum in 2009
and the Langer Heinrich Stage 2 expansion is expected to be completed during the latter part of
2008 to allow that project to produce a minimum of 3.7Mlbs per annum. Cumulative production by
Paladin in the critical period to the end of 2012 is expected to be in the vicinity of 31Mlbs. Even
using conservative price forecasting (average US$90/lb), the total revenue generated by the
Company during this period would be in the vicinity of US$2.8 billion (A$3.5 billion) giving Paladin
significant cash flows with which to advantage its shareholders.

End quote.

Good point JJP. "7.5Mlbs U3O8 for delivery between
2007 to 2012". The way this is worded does not necessarily mean 1.5Mlbs per year though. The contract may allow them to make up any shortfall during the first year(s) later, as long as they deliver the 7.5Mlbs by 2012.

I sold my PDN today, getting the feeling it wants to go down again. Just my opinion.

 

[YELNATS]

Re: PDN - Paladin Resources

I sold my PDN today, getting the feeling it wants to go down again. Just my opinion.

Au contraire, I bought more PDN today, getting the feeling there going up again, probably bought them from you.

 

[chris1983]

Re: PDN - Paladin Resources

Au contraire, I bought more PDN today, getting the feeling there going up again, probably bought them from you.

I'll put a buy back in soon. Hopefully can pick some up around 8.10. I reckon they will bounce again.

 

[barney]

Re: PDN - Paladin Resources

PDN testing long term support level of $7.92 ............... Seems to be holding for the moment ................ Would expect it to bounce back a little from these levels over the next few days ..............