Kauri
E/W Learner
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PDN - Paladin Energy
- Thread starter tech/a
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Re: PDN - Paladin Resources
Had my sell order in for $7.80 at close to give me my 6% on my lowest packet. Missed out - maybe tomorrow... up will be sell, down will be buy. I personally think that PDN's risk profile has been reduced and I will follow down.
Had my sell order in for $7.80 at close to give me my 6% on my lowest packet. Missed out - maybe tomorrow... up will be sell, down will be buy. I personally think that PDN's risk profile has been reduced and I will follow down.
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Re: PDN - Paladin Resources
PDN's quarterly sounds positive, although I do read a little frustration into it regarding the plants continuing bottlenecks. At least we shipped some product. I am wondering though why PDN is spending so much on Australian drilling programs and exploration? Aren't we restricted with the 3 mines policy still? Aren't we restricted with non-export of Uranium? Shouldn't we be putting all our effort into offshore resources?
I suppose someone knows better than I with what is going on..
PDN's quarterly sounds positive, although I do read a little frustration into it regarding the plants continuing bottlenecks. At least we shipped some product. I am wondering though why PDN is spending so much on Australian drilling programs and exploration? Aren't we restricted with the 3 mines policy still? Aren't we restricted with non-export of Uranium? Shouldn't we be putting all our effort into offshore resources?
I suppose someone knows better than I with what is going on..
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Re: PDN - Paladin Resources
U dollar continue to rise again..... I think if the price announcement next week is positive again, we should see PDN back to $8........
U dollar continue to rise again..... I think if the price announcement next week is positive again, we should see PDN back to $8........
Re: PDN - Paladin Resources
Well, what a week. IMHO things appear positive for PDN at weeks end. PDN.AX finished nicely at 7.84, moving slightly past the 7.70's bracket it's been flirting with for a while. Also last night for PDN.TX it finished at 6.96, so close to the 7.00 mark it's been trying to push through for the last 4 weeks. It would appear that PDN.AX and PDN.TX look like they are destined to break through $8.00 and $7.00 respectively next week. I had a quick look at the December Uranium futures price for last night, and it has moved up $3.00 to $92.00. This may lead to a further increase in the Uranium spot price next week, where it currently stands at $80.00.
http://futuresource.quote.com/quotes/quotes.jsp?s=XUX&t=Future
s - Settlement Price
Contract-------------Month--Time----Last-----Chg--Open--High---Low
URANIUM U308 SWAP Dec '07 15:42:49 92.00 s +3.00 92.00 92.00 92.00
PDN.TX October 26 2007
Last Trade: 6.96
Trade Time: 4:15PM ET
Change: +0.23 (3.42%)
Prev Close: 6.73
Open: 6.73
Bid: 6.95
Ask: 6.96
PDN.AX October 26 2007
Last Trade: 7.840 AUD
Trade Time: Oct 26
Change: +0.200 (2.62%)
Prev Close: 7.640
Open: 7.550
Bid: 7.830
Ask: 7.840
Well, what a week. IMHO things appear positive for PDN at weeks end. PDN.AX finished nicely at 7.84, moving slightly past the 7.70's bracket it's been flirting with for a while. Also last night for PDN.TX it finished at 6.96, so close to the 7.00 mark it's been trying to push through for the last 4 weeks. It would appear that PDN.AX and PDN.TX look like they are destined to break through $8.00 and $7.00 respectively next week. I had a quick look at the December Uranium futures price for last night, and it has moved up $3.00 to $92.00. This may lead to a further increase in the Uranium spot price next week, where it currently stands at $80.00.
http://futuresource.quote.com/quotes/quotes.jsp?s=XUX&t=Future
s - Settlement Price
Contract-------------Month--Time----Last-----Chg--Open--High---Low
URANIUM U308 SWAP Dec '07 15:42:49 92.00 s +3.00 92.00 92.00 92.00
PDN.TX October 26 2007
Last Trade: 6.96
Trade Time: 4:15PM ET
Change: +0.23 (3.42%)
Prev Close: 6.73
Open: 6.73
Bid: 6.95
Ask: 6.96
PDN.AX October 26 2007
Last Trade: 7.840 AUD
Trade Time: Oct 26
Change: +0.200 (2.62%)
Prev Close: 7.640
Open: 7.550
Bid: 7.830
Ask: 7.840
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Re: PDN - Paladin Resources
Yes Roland, I agree report sounds positive but there is the issue as you have noted with Aussie drilling programs. Is anyone able to shed some light on this factor. Maybe they are just sureing up assets in the hope of a takeover.
MB
Yes Roland, I agree report sounds positive but there is the issue as you have noted with Aussie drilling programs. Is anyone able to shed some light on this factor. Maybe they are just sureing up assets in the hope of a takeover.
MB
Re: PDN - Paladin Resources
Spot Uranium Continues To Rise
FN Arena News - October 29 2007
By Rudi Filapek-Vandyck
The return of hedge funds and other financial speculators has led to a third price rise for spot U3O8 (uranium oxide) in three weeks with industry consultant TradeTech reportedly lifting its weekly price indicator by US$4 to US$84/lb on Friday.
According to the industry consultant, at least 350,000 pounds were sold via two separate transactions during the past week.
Spot Uranium Continues To Rise
FN Arena News - October 29 2007
By Rudi Filapek-Vandyck
The return of hedge funds and other financial speculators has led to a third price rise for spot U3O8 (uranium oxide) in three weeks with industry consultant TradeTech reportedly lifting its weekly price indicator by US$4 to US$84/lb on Friday.
According to the industry consultant, at least 350,000 pounds were sold via two separate transactions during the past week.
Re: PDN - Paladin Resources
Not sure what to think about this? U price is going up, yes. But according to the report PDN's production rate will be down. Will the rising U price be enough to sustain PDN's recent SP climb?
Paladin Production Poor, Opinions Mixed
FN Arena News - October 29 2007
By Chris Shaw
Having endured a significant pullback from prices of US$136/138 per pound the uranium price appears to have begun trending higher once again, but the move is coming too late for emerging producer Paladin (PDN) shares according to ABN Amro.
The broker has downgraded its rating on the stock to Hold from Buy on the back of lower expected uranium production through to the end of FY09. This follows revised guidance from management on the back of problems with the IX circuit and delays in getting additional IX delivered.
The company has now indicated the second half of 2007 should see production of 613,000 drums, down from 900,000 previously and ABN Amro’s own forecast of 776,000 drums. Guidance for 2008 remains for production of 2.6 million barrels.
This brings the broker’s earnings estimates down accordingly, with its 2008 profit forecast being cut to US$25.6m from US$31.5m previously, while for 2009 its forecast is lowered to US$171.5m from US$240.9m.
This puts the broker in a somewhat different position to Macquarie, which cut its 2008 forecast by almost 40% but did little to its 2009 estimate, while UBS has made changes more in line in cutting its forecasts for 2008 by 56% to US$20m and in 2009 by 19% to US$303m.
In contrast to ABN Amro, UBS continues to rate the stock as Buy on what it sees as solid underlying fundamentals for the uranium market and the company’s potential to expand production at the Langer Heinrich project.
It values the stock at $6.01, while ABN Amro’s valuation has fallen to $5.94 from $6.35. GSJB Were has a valuation on the stock of an even more conservative $5.42, rating it as a Sell.
One supportive factor for the shares according to ABN Amro is the more production problems it faces in ramping up Langer Heinrich the better it will be for the global uranium price as it will mean a tighter market.
As a result the broker will be watching to see how the ramp-up proceeds, GSJB Were noting while management expect the issues will be dealt with by the end of the year there is scope for problems to remain into 2008.
Overall the FNArena database shows the stock scoring two Buys, two Holds and the one Sell recommendation, with an average price target of $7.56, which is down from $7.84 prior to the production report.
Shares in Paladin today are stronger despite the lower earnings guidance and at 1.40pm the stock was up 14c at $7.98. This compares to a range over the past 12 months of $5.09-$10.80.
Not sure what to think about this? U price is going up, yes. But according to the report PDN's production rate will be down. Will the rising U price be enough to sustain PDN's recent SP climb?
Paladin Production Poor, Opinions Mixed
FN Arena News - October 29 2007
By Chris Shaw
Having endured a significant pullback from prices of US$136/138 per pound the uranium price appears to have begun trending higher once again, but the move is coming too late for emerging producer Paladin (PDN) shares according to ABN Amro.
The broker has downgraded its rating on the stock to Hold from Buy on the back of lower expected uranium production through to the end of FY09. This follows revised guidance from management on the back of problems with the IX circuit and delays in getting additional IX delivered.
The company has now indicated the second half of 2007 should see production of 613,000 drums, down from 900,000 previously and ABN Amro’s own forecast of 776,000 drums. Guidance for 2008 remains for production of 2.6 million barrels.
This brings the broker’s earnings estimates down accordingly, with its 2008 profit forecast being cut to US$25.6m from US$31.5m previously, while for 2009 its forecast is lowered to US$171.5m from US$240.9m.
This puts the broker in a somewhat different position to Macquarie, which cut its 2008 forecast by almost 40% but did little to its 2009 estimate, while UBS has made changes more in line in cutting its forecasts for 2008 by 56% to US$20m and in 2009 by 19% to US$303m.
In contrast to ABN Amro, UBS continues to rate the stock as Buy on what it sees as solid underlying fundamentals for the uranium market and the company’s potential to expand production at the Langer Heinrich project.
It values the stock at $6.01, while ABN Amro’s valuation has fallen to $5.94 from $6.35. GSJB Were has a valuation on the stock of an even more conservative $5.42, rating it as a Sell.
One supportive factor for the shares according to ABN Amro is the more production problems it faces in ramping up Langer Heinrich the better it will be for the global uranium price as it will mean a tighter market.
As a result the broker will be watching to see how the ramp-up proceeds, GSJB Were noting while management expect the issues will be dealt with by the end of the year there is scope for problems to remain into 2008.
Overall the FNArena database shows the stock scoring two Buys, two Holds and the one Sell recommendation, with an average price target of $7.56, which is down from $7.84 prior to the production report.
Shares in Paladin today are stronger despite the lower earnings guidance and at 1.40pm the stock was up 14c at $7.98. This compares to a range over the past 12 months of $5.09-$10.80.
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Re: PDN - Paladin Resources
Well, PDN.ax broke through the $8 intraday high of 8.06...... I think it will continue to march towards $8.50...... Anyone got any technical idea??
Well, PDN.ax broke through the $8 intraday high of 8.06...... I think it will continue to march towards $8.50...... Anyone got any technical idea??
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Re: PDN - Paladin Resources
This could explain price rise:
REFILE-Uranium One slashes production forecasts
Tue Oct 30, 2007 9:37pm GMT
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Market News
Spanish insurer Mapfre agrees to buy Commerce Group
More Business & Investing News...
(Refiles to fix typo in headline)
TORONTO, Oct 30 (Reuters) - Uranium One (UUU.TO: Quote, Profile, Research) said on Tuesday it was slashing it 2007 and 2008 production forecasts due to problems at three of its operations.
The Toronto-based miner said it expects to produce about 2.1 million pounds of uranium this year, down from a previous forecast of 2.5 million pounds, due largely to delays in commissioning equipment at its Dominion Reefs plant in South Africa.
For 2008, production is expected to be 4.6 million pounds, down from 7.4 million pounds, due largely to a shortage of sulphuric acid that is expected to delay the ramp-up of Uranium One's South Inkai and Kharasan mines in Kazakhstan.
"The company is seeking longer-term solutions to the sulphuric acid constraint," Uranium One said in a statement.
The acid shortage is due to delays in completion of a local Kazakhstan copper smelter, it said.
Uranium One said it expects production of about 8 million pounds in 2009 and about 11 million pounds in 2010, as more projects come on line.
In September, Chief Executive Neal Froneman told Reuters the company aimed to produce about 28 million pounds by 2013, which would bring its production in line with current world No. 1 producer Cameco Corp (CCO.TO: Quote, Profile, Research).
Uranium One's shares slipped 22 Canadian cents to C$12.73 on the Toronto Stock Exchange on Tuesday. The news was released after markets closed.
This could explain price rise:
REFILE-Uranium One slashes production forecasts
Tue Oct 30, 2007 9:37pm GMT
Email This Article | Print This Article | Digg | Single Page
[-] Text [+]
Market News
Spanish insurer Mapfre agrees to buy Commerce Group
More Business & Investing News...
(Refiles to fix typo in headline)
TORONTO, Oct 30 (Reuters) - Uranium One (UUU.TO: Quote, Profile, Research) said on Tuesday it was slashing it 2007 and 2008 production forecasts due to problems at three of its operations.
The Toronto-based miner said it expects to produce about 2.1 million pounds of uranium this year, down from a previous forecast of 2.5 million pounds, due largely to delays in commissioning equipment at its Dominion Reefs plant in South Africa.
For 2008, production is expected to be 4.6 million pounds, down from 7.4 million pounds, due largely to a shortage of sulphuric acid that is expected to delay the ramp-up of Uranium One's South Inkai and Kharasan mines in Kazakhstan.
"The company is seeking longer-term solutions to the sulphuric acid constraint," Uranium One said in a statement.
The acid shortage is due to delays in completion of a local Kazakhstan copper smelter, it said.
Uranium One said it expects production of about 8 million pounds in 2009 and about 11 million pounds in 2010, as more projects come on line.
In September, Chief Executive Neal Froneman told Reuters the company aimed to produce about 28 million pounds by 2013, which would bring its production in line with current world No. 1 producer Cameco Corp (CCO.TO: Quote, Profile, Research).
Uranium One's shares slipped 22 Canadian cents to C$12.73 on the Toronto Stock Exchange on Tuesday. The news was released after markets closed.
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Re: PDN - Paladin Resources
Can someone who gets the full fat prophets report (not the teaser that I get) tell me which company they are talking about in the following text? (and I'm not ramping, I honestly dont know which company they mean)
"The stockmarket closed at an all time high on Monday, with mining & resources stocks again setting the pace.
We profile an old favourite West Australian gold miner and our brand new uranium stock, both of which we think are set to be beneficiaries of the ongoing resources boom.
Read on for this, and to find out what all The Fuzz is about Melbourne Cup day.
"
I'm still a little wary of fat prophets at the moment... the amount of hype in their text gives me the same kind of tingles as when I start to read a hoax email.
Since they are saying "new" company, I take it they dont mean Bannerman or Paladin?
Can someone who gets the full fat prophets report (not the teaser that I get) tell me which company they are talking about in the following text? (and I'm not ramping, I honestly dont know which company they mean)
"The stockmarket closed at an all time high on Monday, with mining & resources stocks again setting the pace.
We profile an old favourite West Australian gold miner and our brand new uranium stock, both of which we think are set to be beneficiaries of the ongoing resources boom.
Read on for this, and to find out what all The Fuzz is about Melbourne Cup day.
"
I'm still a little wary of fat prophets at the moment... the amount of hype in their text gives me the same kind of tingles as when I start to read a hoax email.
Since they are saying "new" company, I take it they dont mean Bannerman or Paladin?
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Re: PDN - Paladin Resources
I don't subscribe to FP but I believe from reading the teaser the company is EXT (Extract)
They put out a buy at 98.5 last week also
I had held EXT but sold out last week
I don't subscribe to FP but I believe from reading the teaser the company is EXT (Extract)
They put out a buy at 98.5 last week also
I had held EXT but sold out last week
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Re: PDN - Paladin Resources
Cameco Sales to Fall; Cigar Lake Faces Further Delay http://www.bloomberg.com/apps/news?pid=20601082&sid=au_4lIzOiyiY&refer=canada and Uranium One cuts 2008 output 37% http://www.miningmx.com/energy/664425.htm means that PDN.To has taken off, trading at up to Can$7.50 in trade up to luchtime (here in NY, NY), up >8%. Makes yesterday's ASX pdn trading look a little tame, at up only 6%. Get ready imo for other U stocks to go up as well
Cameco Sales to Fall; Cigar Lake Faces Further Delay http://www.bloomberg.com/apps/news?pid=20601082&sid=au_4lIzOiyiY&refer=canada and Uranium One cuts 2008 output 37% http://www.miningmx.com/energy/664425.htm means that PDN.To has taken off, trading at up to Can$7.50 in trade up to luchtime (here in NY, NY), up >8%. Makes yesterday's ASX pdn trading look a little tame, at up only 6%. Get ready imo for other U stocks to go up as well
Re: PDN - Paladin Resources
With the misfortunes of TSX.CCO -1.73 (3.59%) *more Cigar Lake delays* & TSX.UUU -2.48 (19.48%) *slashing production forecasts*, comes fortune for TSX.PDN +0.53 (7.78%) finishing at $7.34. Nice!
Also last nights U futures for December was up another $5.30 to finish at $97.30
With the misfortunes of TSX.CCO -1.73 (3.59%) *more Cigar Lake delays* & TSX.UUU -2.48 (19.48%) *slashing production forecasts*, comes fortune for TSX.PDN +0.53 (7.78%) finishing at $7.34. Nice!
Also last nights U futures for December was up another $5.30 to finish at $97.30
Re: PDN - Paladin Resources
Re the first 30 mins of trade for PDN today. So what are we looking at here guys? The start of a big run? Or last calls for exiting for those who were left high and dry back in August?
Re the first 30 mins of trade for PDN today. So what are we looking at here guys? The start of a big run? Or last calls for exiting for those who were left high and dry back in August?
Out Too Soon
My real name is King Julian ;)
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Re: PDN - Paladin Resources
It's been a long nervous ride but I'm finally out today at a profit.
Don't talk to me abt U stocks until after the election.
It's been a long nervous ride but I'm finally out today at a profit.
Don't talk to me abt U stocks until after the election.
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Re: PDN - Paladin Resources
Yes, it's been a long wait, and I followed it all the way down. I'm nearly out - last packet will be gone at $9.00 if it gets there.
Yes, it's been a long wait, and I followed it all the way down. I'm nearly out - last packet will be gone at $9.00 if it gets there.
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Re: PDN - Paladin Resources
Can understand your thinking guys as it has beena pretty tough few months being in PDN-i bought via CFD so bought more than i should have,OOPS!But the pain this bugger has put me through will not be relinquished without a decent profit.All indicators look positive atm and the U price is even climbing,problem with Tecks mine etc,IMO i would be and will be holding,just my
Can understand your thinking guys as it has beena pretty tough few months being in PDN-i bought via CFD so bought more than i should have,OOPS!But the pain this bugger has put me through will not be relinquished without a decent profit.All indicators look positive atm and the U price is even climbing,problem with Tecks mine etc,IMO i would be and will be holding,just my
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Re: PDN - Paladin Resources
I can understand people getting out after such a drop and in the past I would have been one of them.....but for what it's worth I'm holding fast.
There has been a real change in sentiment toward most U stocks of late and with the spot rising now I'm hoping U will be back in favour for a while.
Good luck to remaining holders.
MB
I can understand people getting out after such a drop and in the past I would have been one of them.....but for what it's worth I'm holding fast.
There has been a real change in sentiment toward most U stocks of late and with the spot rising now I'm hoping U will be back in favour for a while.
Good luck to remaining holders.
MB
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Re: PDN - Paladin Resources
Well, from the chart looks like the upward trend has formed...... I sold my first trench around 8.10..... should have wait for another day for the 8% gain..... Well, looking for the stock to go to 9.50 before I off load...... Anyone got any technical thought??
Well, from the chart looks like the upward trend has formed...... I sold my first trench around 8.10..... should have wait for another day for the 8% gain..... Well, looking for the stock to go to 9.50 before I off load...... Anyone got any technical thought??
