PDN - Paladin Energy

[pingkie_o]

Re: PDN - Paladin Resources

The slide is not stock related....it is market related....FEAR....everyone is dumping shares at whatever price...it is unreasonably overdone

PDN fundamentally still very good especially at this level. When uranium spot price back to above $100....market will re rate all uranium stocks as it is not affected by the sub prime issues.

 

[voigtstr]

Re: PDN - Paladin Resources

So at these prices would you still wait to see a definite uptrend before buying more, or would you just say well this is low enough!

I bought a small amount at 7.25, I would love to buy some more at 4.5 or lower to average the price lower, but again I would only be able to scrounge together a small amount, approx $1200.

Reckon its worth it?

 

[pingkie_o]

Re: PDN - Paladin Resources

I have too much exposure in uranium stock already but if I have money....yes, I would buy at this level...to enter at $5 is certainly less risky than to enter at $7...

However, there is always a risk no matter how cheap you enter...volatility and uncertainty is very high at the moment...

say you enter at $5 but the market panic again the next day and punishes uranium stock because they're somehow "related" to sub prime...

nobody can pick up at the bottom consistently (maybe lucky one or two times) who cares if it goes to $3 the next day if FUNDAMENTALLY we are so confident this stock gonna go up to $10 in 12 months?

nobody can see the future...but the question is

in GENERAL
what am i really buying with my money?
what is the value of the underlying business?
can i afford to lock in my money in this thing for 1 to 5 years?
can i stomach the ups and downs along the way?
can i sleep if it goes to $1?

in SPECIFIC
who is the person at the steering wheel?
what's your view of the macro factor of the business (eg uranium price, the $A, mining risks)and micro factor (production problems, legals, hedging book)

I am a fundamental person as opposed to chartist...I looked at chart just to see the past performance not to make trades decision

To reduce risk, you can also write covered call. At least, you'll have some income.

 

[ironchef]

Re: PDN - Paladin Resources

Good overnight performance in Canada for PDN, up ~5% expect green on the ASX .

I don't understand this uranium spot price business. Who determines this price? How often does it updated and where can this up to date information be attained?

I know of http://www.uxc.com/review/uxc_Prices.aspx I notice it says weekly price, but sometimes two weeks would pass by and nothing has changed on the site... Is there another source for this price?

 

[imaginator]

Re: PDN - Paladin Resources

Good overnight performance in Canada for PDN, up ~5% expect green on the ASX .

I don't understand this uranium spot price business. Who determines this price? How often does it updated and where can this up to date information be attained?

I know of http://www.uxc.com/review/uxc_Prices.aspx I notice it says weekly price, but sometimes two weeks would pass by and nothing has changed on the site... Is there another source for this price?

PDN jumped today 5.11 now. Can someone do a chart analysis?

I cant see any chart, something wrong with my commsec browser...

 

[voigtstr]

Re: PDN - Paladin Resources

I originally had 161 of PDN at 7.25
Yesterday I bought 242 of PDN at 4.8

I think that averages my price down to 5.779 (according to etrade)

So I'm happy for now!

 

[Fab]

Re: PDN - Paladin Resources

Why is it down almost 5% today. I thought today annoucement was very good I can' t understand the reason of this drop

 

[Sean K]

Re: PDN - Paladin Resources

Why is it down almost 5% today. I thought today annoucement was very good I can' t understand the reason of this drop

Yes, good that it's producing to plan. Market's a bit flighty at the moment, perhaps punters expected above forecast production rates? Was there anything in the outlook to write it down a bit? Wonder ir RIO or someone wanting to boost U production is looking at it?

 

[tronic72]

Re: PDN - Paladin Resources

Yes, good that it's producing to plan. Market's a bit flighty at the moment, perhaps punters expected above forecast production rates? Was there anything in the outlook to write it down a bit? Wonder ir RIO or someone wanting to boost U production is looking at it?

I agree.

Market is down and it's a miner so it's gonna follow the market heavies such as BHP & RIO. You have to remember the uranium price has taken a bit of a hiding recently so that's also a factor. I'll buy at anything under 4.75.

 

[alankew]

Re: PDN - Paladin Resources

This seems to get hammered on the slightest bit of doubt in punters minds be it here or US.Also notice a robot buyer and seller which seems to come into play on down days-bot seller appears to be winning atm,would this suggest that someone is keen to buy at these prices.Annual report looks fine,nothing tha i can see that is a problem and problems seem to be behing them.U price on Kitco is also down slightly

 

[dj_420]

Re: PDN - Paladin Resources

The sell down is a bit bizarre as within the report it states:

Production from the IX section to the dryer/precipitation circuit averaged 7,692lb U3O8 per day for December (i.e. nameplate), including an average of 10,470lb per day from 21 December when three of the four new IX columns were put on-line.

I read this as that the dryer/precipitation circuit is now operating above nameplate production as of 21 Dec. If we take this average as a future guidance we get 314, 100 pounds per month which is a significant increase over 215, 984 as of last quarter.

I don't know if this increase is only found in one area of the plant or throughout the whole process. Any further verification would be greatly appreciated.

 

[voigtstr]

Re: PDN - Paladin Resources

I think its down simply because the whole market is down. I bought back in at 4.8 Anything over 5.779 will be positive territory for me now.

 

[imaginator]

Re: PDN - Paladin Resources

CITI GROUP INITIATES ERA AND PALADIN COVERAGE
*****************************************

Uranium back to >$100/lb

Paladin a buy with Target Price A$7.70

ERA a buy with Target Price A$26.00

Paladin both predator and prey

Attached is a copy of CITI's Report for January 2008

How do i attach a pdf?

 

[Fab]

Re: PDN - Paladin Resources

PDN is definetely a prey at this price I would think. Specially if it keeps falling that much. I am surprised it is still trending down specially after report that production is back on target

 

[imaginator]

Re: PDN - Paladin Resources

PDN is definetely a prey at this price I would think. Specially if it keeps falling that much. I am surprised it is still trending down specially after report that production is back on target

Whats happenign to PDN dude?
Report out,
Market up,
Citigroup says its good,
AND it does what?

 

[Real1ty]

Re: PDN - Paladin Resources

Whats happenign to PDN dude?
Report out,
Market up,
Citigroup says its good,
AND it does what?

I would hazard a guess there are a couple of things involved.

Global slowdown fears in a declining sharemarket

Spot prices are trending lower, currently $78.00, even though PDN have contracts, they are still tied into the spot somehow, but from memory it is on the up side, but i'm not sure on that

 

[shag]

Re: PDN - Paladin Resources

Whats happenign to PDN dude?
Report out,
Market up,
Citigroup says its good,
AND it does what?

its a real dog, and i have to sell the near worthless paper for a house deposit.
what a time to tank.
they will match bmn's price soon. and ext's later if this keeps up.

 

[hoppielimp]

Re: PDN - Paladin Resources

I shud have sold at $10...but I just bailed...I went along for the ride and didn't do any numbers...but I just did.

at 2.6 mill lb's and at the current down trend in the U price and 613 million shares out there, even with a p/e of about 15 I strugle to get to a share price of 4.50

Now I know they are looking to increase production to about 3.7 million lb's by the end of 2008, so maybe it shud be trading about $6-7 if you are pricing forward.

For me I may sit on the sidelines again, as i think kitco published an article about how there is over 2mill pounds of U on the market with about the demand for only 500,000lbs, which will put spot prices under more pressure.

I still think U has a good future, but they need to get more reactors up and running !

This is just my view on PDN so don't take it as gospel.

Hop

 

[Rafa]

Re: PDN - Paladin Resources

they will match bmn's price soon. and ext's later if this keeps up.

PDN market capitalisation is 3billion mate... BMN and EXT have a long way to go to match that....



Would have thought PDN is a no brainer at these prices, but only becuase of its historical prices... would love is someone could do fundamental analysis given its present state... cause technically... this stock has a while to fall... i am seeing a reasonable support line at $4 dollars... with major support at 3.50... ish.

 

[imaginator]

Re: PDN - Paladin Resources

PDN market capitalisation is 3billion mate... BMN and EXT have a long way to go to match that....



Would have thought PDN is a no brainer at these prices, but only becuase of its historical prices... would love is someone could do fundamental analysis given its present state... cause technically... this stock has a while to fall... i am seeing a reasonable support line at $4 dollars... with major support at 3.50... ish.

Can someone post some reference about U spot price that supply is more than demand?

Last time i read about U is that uranium is in big demand.