PDN - Paladin Energy

Sean K · 7 August 2007

Re: PDN - Paladin Resources

barney said:
PS. Don't short it Kennas ...... It'll go up for sure !!

LOL. I'm trying not to have a vino tonight to sort out my decision making processes. Not sure if I'll get through. :alcohol:

Fab said:
Well done kennas for buying PDN at this level. I think it is a bargain at this price and with the jump of the DOW overnight this I believe will be a turning point for PDN. I can't imagine it staying at a price lower than what they offered to get SMM

Fab, thanks for the support, but I really don't think it was a quality decision in retrospect. Totally against my current entry criteria. I think I'm lucky the US had a bounce but I think the correction could stretch out a bit more. Uranium is generally still in the dog house. I even doubt U stocks will follow the market up today. And as far as this being a bargain at this price......well, who knows. I can remember when this was climbing up and up and when it was about $5.00 I was calling it 'toppy'. Unless they pull some good anns out of the hat, or Areva appears on the registry, I see more choppy waters ahead.

rostov · 7 August 2007

Re: PDN - Paladin Resources

U308 spot price USD$10 lower, now USD$110.

Together with the DOE, a few sellers are aggressively putting up lower bids. Niger government wants to end Areva monopoly, India 123 plan with US still in infancy stage.

Dunno. This will get interesting to hold.

alankew · 7 August 2007

Re: PDN - Paladin Resources

Is this in a halt or something,price doesnt appear to be updating on Comsec but only news is yesterdays news

Gundini · 7 August 2007

Re: PDN - Paladin Resources

07/08/2007 10:13AM EME: More Significant Uranium Intercepts from Bigrlyi (7 Pages)
07/08/2007 10:08AM Notice Received (headline only)
07/08/2007 10:08AM EME: More Significant Uranium Intercepts from Bigrlyi (headline only)
07/08/2007 10:08AM Resumes: 10:23 (headline only)

rostov · 7 August 2007

Re: PDN - Paladin Resources

Erm, lower grade eU308 compared to the normal U308. Open pit possibilities @ 200m, though.

IMO, a mixed result report. How much profits to derive from eU308?

Sean K · 7 August 2007

Re: PDN - Paladin Resources

kennas said:
Fab, thanks for the support, but I really don't think it was a quality decision in retrospect.

Sorry Fab, but I had to rectify that rush of alcohol infused blood yesterday. Back on the watch list. I have a feeling that the dead cat is bouncing down the stairs still. It'll get a takeover offer now.

PhoenixXx · 7 August 2007

Re: PDN - Paladin Resources

I'm not a chartist or whatsoever. Just looking plainly at the chart and did a simple calculation.
As most people pointed out that $7.50 is the very important support level.
And sp now tumbles far below that, so i did a bit of calculation of retracement using this 1 year chart.
Using the lowest low ($4.13) and highest high ($10.5) in a year.
The retracement level (Fibonacci) would ideally be :
10.5 - {(10.5-4.13)x61.8%} = $6.56.
Falling US market, production downgrade causing the sp to tumble beyond the retracement level.
At this point, i jumped off the boat when it fell below $6.50.
Just wanna say good luck to all who long.

shag · 7 August 2007

Re: PDN - Paladin Resources

re the dead cat bounce,i think the poor cat hit so hard its guts spilt out all over the place.
i might have to take them off of my watchlist and forget the stupid things untill next year when they might be worth something again or someone bothers with a takeover or should i say a give away. maybe time for new directors and managers.

Rafa · 7 August 2007

Re: PDN - Paladin Resources

wow, the market is certainly not looking anywhere close to following the US!

and PDN is down?
Kennas, did you get out of PDN with a profit...???
I am out of MTN, 1 day, 5k, not bad... phew...

Damuzzdu · 7 August 2007

Re: PDN - Paladin Resources

rostov said:
U308 spot price USD$10 lower, now USD$110.

Together with the DOE, a few sellers are aggressively putting up lower bids. Niger government wants to end Areva monopoly, India 123 plan with US still in infancy stage.

Dunno. This will get interesting to hold.

Rostov,

Can you please site a source for USD$110, as i'm looking at UXC & kitcometals and they are showing USD$120 ???

TIA

rostov · 7 August 2007

Re: PDN - Paladin Resources

Damuzzdu said:
Rostov,

Can you please site a source for USD$110, as i'm looking at UXC & kitcometals and they are showing USD$120 ???

TIA

No problem, but I don't think I can quote source. Except that it's right at the top of the UxC weekly (subscription) 6th August 2008 released about 6 hours ago. Within it:

Ux U3O8 Price: (8/6/07)
$110.00 (-$10.00)

I've also noticed that the UxC site still shows a 1-week lagged graph indicating weekly spot U308 at USD$120.00 (30th June 2007) still. I suppose it'll take some time to update?

The weekly attributes downward pressure of this price to aggressive sellers. Also of interest is that the volume of U308/UF6 is like less than 0.1mlbs for July (and of cuz August).

rostov · 7 August 2007

Re: PDN - Paladin Resources

Total n00b me. Found it:

http://www.uxc.com/products/uxc_subscriber-services.html

*Please note that Ux Prices and News Headlines are updated on this public site weekly up to 72 hours delayed. Price updates are made on the Subscriber Services site on Monday evenings and an extensive version of News Headlines are updated daily.

This price most likely will be reflected Thursday/Friday on both kitco and uxc public sites?

Damuzzdu · 7 August 2007

Re: PDN - Paladin Resources

rostov said:
No problem, but I don't think I can quote source. Except that it's right at the top of the UxC weekly (subscription) 6th August 2008 released about 6 hours ago. Within it:

I've also noticed that the UxC site still shows a 1-week lagged graph indicating weekly spot U308 at USD$120.00 (30th June 2007) still. I suppose it'll take some time to update?

The weekly attributes downward pressure of this price to aggressive sellers. Also of interest is that the volume of U308/UF6 is like less than 0.1mlbs for July (and of cuz August).

Ok, many thanks, it is what I expected. Yes, the downward pressure on prices seems to be increasing. This may put furthur pressure on PDN.

goldensun76 · 7 August 2007

Re: PDN - Paladin Resources

Well, I think U price is important at this stage and I think the price should rebound toward the end of the year. I can not see any additional production bring in line to increase the supply of U in the short to mid term. PDN will require to show some cash in from the sales....... Let's hope it will not be far away.....

rostov · 8 August 2007

Re: PDN - Paladin Resources

Actually, I'm a little concerned here (opinion). Do we have a clear picture of how much supply is short compared to demand, and if so, on which fronts? Short, medium, or long term?

The recent correction in Uranium prices over 5 weeks with hardly any volume transacted -- does it actually indicate that the widely-accepted (and current) perception of demand/supply mismatch is actually questionable for now?

vicb · 8 August 2007

Re: PDN - Paladin Resources

Have been watching PDN from the fence.
I am looking for an entry point in PDN but waiting for a change in trend, maybe a little while.

shag · 8 August 2007

Re: PDN - Paladin Resources

i'm in for even more. too scared will miss out.
hope its not the dreaded dead cat syndrome.
the market has taken the deep yellow news positively, dyl up 20 percent!
presume paladin is after economy of scale with amalgamation of some mines and facillities etc.
did people read the report in fn news re u3o8 futures......

Uranium Weakness Will Ultimately Abate
Deutsche Bank expects further weakness in the U3O8 price in coming months, before longer term supply/demand fundamentals begin to impact once more......

i'm to broke from my paladin ventures to subscribe so thats all i can provide from the article

shag · 9 August 2007

Re: PDN - Paladin Resources

is this 'the breakout' or is it the dead cat flopping a little?
any comments from the technical guys-a tool i must learn as you guys were rather correct bar a few cents.

Gundini · 9 August 2007

Re: PDN - Paladin Resources

Definately a breakout on the short term downtrend (2 weeks), but hardly a breakout on the long term trend. That would occur around $8.59 I would suspect.

All in all, I feel a bit sorry for Kennas, as he entered around $5.80, exited around $6.20 due to uncertainty. Then up pops another 50 cents!

Tough gig these markets...

Sean K · 9 August 2007

Re: PDN - Paladin Resources

Gundini said:
All in all, I feel a bit sorry for Kennas, as he entered around $5.80, exited around $6.20 due to uncertainty. Then up pops another 50 cents!

Actually, I bought at 6.04 and sold at 6.15. Still, I bought quite a few so it paid for dinner. Was still technically a low probability trade. I was lucky.

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