Sean K
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PDN - Paladin Energy
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Re: PDN - Paladin Resources
don't worry about the chart, worry about the current price, which is 4.25 according to me..
hence the new support is no longer 4 but 4.15 imo
kennas said:
don't worry about the chart, worry about the current price, which is 4.25 according to me..
hence the new support is no longer 4 but 4.15 imo
Sean K
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Re: PDN - Paladin Resources
I hope so MB.
One small hop at $4.15 does't make a real solid support level IMO. Sure, it's a reference point on the chart and if it goes down to that level again and hops or bounces from there, then it's even better 'support'.
UBS started coverage of this today with a Buy 2 and target $5.00.
MalteseBull said:
I hope so MB.
One small hop at $4.15 does't make a real solid support level IMO. Sure, it's a reference point on the chart and if it goes down to that level again and hops or bounces from there, then it's even better 'support'.
UBS started coverage of this today with a Buy 2 and target $5.00.
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Re: PDN - Paladin Resources
Tend to agree with MB on this one Kennas.
PDN rebounded pretty quickly on the 2 occasions it hit $3.40ish, same day or next and hit the low on open and with comparitevly low volume. On those occasions it went quickly up to $3.70ish and traded around their finding support and trading until the next support at $4.30ish. Plus it reached a decent high ($5.30) this time around on decent volume's, so it would seem logical to assume that most of the traders should have taken some of their profit targets before this down spike.
Fundamentally PDN is moving forward with their mine and closer to opening, should give the stock a "Margin Lending" rating which might entice some more punters also. Once the mine is in production a few institution might be tempted also, considering the current prices of "U" and that PDN will now be a producer.
This fall it found some support at $4.60ish before quickly falling straight through the $4.30ish support and seemed to have bottomed at $4.15ish.
It didn't rebound of $4.15ish for a few days though and traded quite a large volume at this price also.
I got caught out, buying in on the $4.30 day thinking it was a low spike and a quick rebound might happen, but it didn't.
So here's hoping today is a rebound from $4.15 and it might gain a bit of momentum from here. Do agree with MB that hopefully $4.15 is a new support and not the old $3.90 SP price. Could also soften up over the next few days from the traders taking some quick profits. I'm hoping for an upward move in the SP or at least some support and volume in the mid $4 dollar range.
kennas said:
Tend to agree with MB on this one Kennas.
PDN rebounded pretty quickly on the 2 occasions it hit $3.40ish, same day or next and hit the low on open and with comparitevly low volume. On those occasions it went quickly up to $3.70ish and traded around their finding support and trading until the next support at $4.30ish. Plus it reached a decent high ($5.30) this time around on decent volume's, so it would seem logical to assume that most of the traders should have taken some of their profit targets before this down spike.
Fundamentally PDN is moving forward with their mine and closer to opening, should give the stock a "Margin Lending" rating which might entice some more punters also. Once the mine is in production a few institution might be tempted also, considering the current prices of "U" and that PDN will now be a producer.
This fall it found some support at $4.60ish before quickly falling straight through the $4.30ish support and seemed to have bottomed at $4.15ish.
It didn't rebound of $4.15ish for a few days though and traded quite a large volume at this price also.
I got caught out, buying in on the $4.30 day thinking it was a low spike and a quick rebound might happen, but it didn't.
So here's hoping today is a rebound from $4.15 and it might gain a bit of momentum from here. Do agree with MB that hopefully $4.15 is a new support and not the old $3.90 SP price. Could also soften up over the next few days from the traders taking some quick profits. I'm hoping for an upward move in the SP or at least some support and volume in the mid $4 dollar range.
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Re: PDN - Paladin Resources
$5 here we come
$5 here we come
Sean K
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Re: PDN - Paladin Resources
I agree with all your points and with U308 headed towards $100 (IMHO) then PDN is a great quality stock with enormous potential.
I've posed another chart here just to show that the support levels I mentialed are there and your $4.15 is certainly in the range of support between $4.00 and $4.25. Anything negative in general commodoties could send it back to $3.50 IMO (still), although unlikely.
Of note, even though it has climbed today, it's still chanelling down, therfore $4.00 is not out of the question short term. Of course, if it pokes it's head through that channel line tomorrow, then it might be on the way up again. My point is that on the chart, an upward trend is not yet confirmed.
I don't hold this yet as I'm concentrating on more speccie U plays atm looking for blue sky. This is more like blue chip now!
Perhaps I'll put my HDR winnings on this!
(sorry the chart is busy)
kennas
Freeballinginawetsuit said:
I agree with all your points and with U308 headed towards $100 (IMHO) then PDN is a great quality stock with enormous potential.
I've posed another chart here just to show that the support levels I mentialed are there and your $4.15 is certainly in the range of support between $4.00 and $4.25. Anything negative in general commodoties could send it back to $3.50 IMO (still), although unlikely.
Of note, even though it has climbed today, it's still chanelling down, therfore $4.00 is not out of the question short term. Of course, if it pokes it's head through that channel line tomorrow, then it might be on the way up again. My point is that on the chart, an upward trend is not yet confirmed.
I don't hold this yet as I'm concentrating on more speccie U plays atm looking for blue sky. This is more like blue chip now!
Perhaps I'll put my HDR winnings on this!
(sorry the chart is busy)
kennas
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Re: PDN - Paladin Resources
Thanks for the reply Kennas, youre opinion is valued.
The point I was trying to illustrate is on the gap on the Fourth last candle, my punt on the OPEN gap. My purchase morning and it fell straight through it the next day!. I was hoping for a rebound before close. Because Ive traded PDN a lot and know the prices/volumes, off hand for the last few months, I took the punt and hit the buy trigger.
Hopefully for other readers on the thread it illustrates that Palladin could quite easily have fallen to its next support at $3.90ish, or lower. The pitfall of catching a falling knife!.
Luckily for me, it didn't and heres hoping $4.15 might be a new support, only time will tell.
As for a fall to $3.40, it would have to a terrible market or most holders selling at some large losses as there cant be many traders left in at these prices. Surely the investors would be staying in till the mine opens.
Cheers
kennas said:
Thanks for the reply Kennas, youre opinion is valued.
The point I was trying to illustrate is on the gap on the Fourth last candle, my punt on the OPEN gap. My purchase morning and it fell straight through it the next day!. I was hoping for a rebound before close. Because Ive traded PDN a lot and know the prices/volumes, off hand for the last few months, I took the punt and hit the buy trigger.
Hopefully for other readers on the thread it illustrates that Palladin could quite easily have fallen to its next support at $3.90ish, or lower. The pitfall of catching a falling knife!.
Luckily for me, it didn't and heres hoping $4.15 might be a new support, only time will tell.
As for a fall to $3.40, it would have to a terrible market or most holders selling at some large losses as there cant be many traders left in at these prices. Surely the investors would be staying in till the mine opens.
Cheers
Re: PDN - Paladin Resources
Seems like the market hasnt realised that while gold, copper and zinc are all down from the highs, uranium is still going up very strong. When they realise this, uranium companies especially PDN are going to get a massive re-rating.
UBS have the target of $5, and other brokers will start soon. The problem is, when they try to work out earnings estimates, what u price do they use? us$50/lb? us$60/lb? When first sales come in january it will likly be us$70/lb+ IMO and increasing by the week.
And dont forget, LH will be the first new uranium mine to be producing in 20years+, thats sure to attract some attention including overseas punters
Seems like the market hasnt realised that while gold, copper and zinc are all down from the highs, uranium is still going up very strong. When they realise this, uranium companies especially PDN are going to get a massive re-rating.
UBS have the target of $5, and other brokers will start soon. The problem is, when they try to work out earnings estimates, what u price do they use? us$50/lb? us$60/lb? When first sales come in january it will likly be us$70/lb+ IMO and increasing by the week.
And dont forget, LH will be the first new uranium mine to be producing in 20years+, thats sure to attract some attention including overseas punters
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Re: PDN - Paladin Resources
buyers bulding at 4.38 looking to run to 4.50
buyers bulding at 4.38 looking to run to 4.50
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Re: PDN - Paladin Resources
I reckon CMR is a better buy than PDN. It has more U in the ground and other metals too.
Don't mean to spoil the party, but check it out.
I reckon CMR is a better buy than PDN. It has more U in the ground and other metals too.
Don't mean to spoil the party, but check it out.
Sean K
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Re: PDN - Paladin Resources
Hi guys,
I know you seem to be more interested in the technical side of things but i wanted to know what the implication of the lawsiut by summit resources on resolute mining have for paladin's holding of valhalla. I don't know anything about law and have been searching for the ins and outs on possible outcomes. Can paladin have the skal and valhalla deposits confiscated or is this simply an issue concerning resolute and summit. Can anyone help.
Thanks.
Hi guys,
I know you seem to be more interested in the technical side of things but i wanted to know what the implication of the lawsiut by summit resources on resolute mining have for paladin's holding of valhalla. I don't know anything about law and have been searching for the ins and outs on possible outcomes. Can paladin have the skal and valhalla deposits confiscated or is this simply an issue concerning resolute and summit. Can anyone help.
Thanks.
Sean K
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Re: PDN - Paladin Resources
Bill, SMM stated in their notice to shareholders regarding the litigation that they have no beef with PDN and in fact said they would be very happy to be partners with them. Their issue is with RSG. So, no effect of PDN really except that they may not get ownership of VUL. At this stage, I'm not sure if short term this would significantly effect PDN. Getting LH on line is the most important thing.
Bill, SMM stated in their notice to shareholders regarding the litigation that they have no beef with PDN and in fact said they would be very happy to be partners with them. Their issue is with RSG. So, no effect of PDN really except that they may not get ownership of VUL. At this stage, I'm not sure if short term this would significantly effect PDN. Getting LH on line is the most important thing.
