PDN - Paladin Energy

[imaginator]

Re: PDN - Paladin Resources

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.

Hey I just saw Citigroup's prediction for SPOT Uranium to go up OVER US$100/lb in 2008.

I dont know how to put that report up here, its in pdf format. Can someone gimme their email address, I will send to you and you can post it here.

 

[hoppielimp]

Re: PDN - Paladin Resources

http://www.bloomberg.com/apps/news?pid=20601012&sid=arPuUFTUhfGg&refer=commodities

If this link doesn't work then copy it and paste it in your address bar...
It from Kitco but its a bloomberg article...

 

[imaginator]

Re: PDN - Paladin Resources

This morning PDN's a winner!

From 4.58 up to 4.7

Does anyone know the reason?

I guess its better than yesterday!

 

[Fab]

Re: PDN - Paladin Resources

This morning PDN's a winner!

From 4.58 up to 4.7

Does anyone know the reason?

I guess its better than yesterday!

I am assuming ERA results have something to do with it. Also PDN got hammered recently for no reason in my opinion. ERA also mentioned in their statement that U outlook is positive. Price target for PDN is between $6.50 - $7.70 from most broker so it looks very cheap at current level

 

[voigtstr]

Re: PDN - Paladin Resources

I am assuming ERA results have something to do with it. Also PDN got hammered recently for no reason in my opinion. ERA also mentioned in their statement that U outlook is positive. Price target for PDN is between $6.50 - $7.70 from most broker so it looks very cheap at current level

I got 161 units of PDN back in September at 7.25. The day after it was at its lowest (and my money had cleared) on the 24th of January, I bought another 242 units at 4.80.

I'll be very happy when PDN goes above 7.25 again

 

[kevosero]

Re: PDN - Paladin Resources

Finally something to cheer about today up 10%, at least for now. Anybody know what the fuss is about, maybe I've missed something....

 

[shag]

Re: PDN - Paladin Resources

Yes somethings definitely up. I can't find any news but it keeps popping above 5.20 as if a big buyer is getting into it. Decent volumes.
Hedgefunds getting in for a takeover kennas?

 

[imaginator]

Re: PDN - Paladin Resources

err,
PDN this morning 5.2, suddenly 4.77?

Did they release some ann?

or just a sudden diarrhoea of SP

 

[dj_420]

Re: PDN - Paladin Resources

err,
PDN this morning 5.2, suddenly 4.77?

Did they release some ann?

or just a sudden diarrhoea of SP

Looks like it has been a good one to trade on the swings. Just got to pick the up and down days!

As far as I know nothing has changed, they have reached nameplate production which I am very happy with. Not many other uranium producers actually got to reach plant capacity.

 

[56gsa]

Re: PDN - Paladin Resources

PDN had a rise today (along with ERA and some other uraniums)
- weekly chart suggests this is coming off a support and pushed above the $5.15 line today - resistance possibly at $5.70-5.80 in short term

Charlie Aitken very bullish on PDN last week in Eureka report...

Paladin is in the early stages of a significant rerating or alternatively a highly attractive takeover target. Make no mistake: In the future I think Paladin will be as dominant in the uranium market as Rio is in iron-ore industry.

I expect Paladin to report a maiden profit for 2007-08 of $32.6 million, rising to $167.9 million in 2008-09 and of $385.5 million in 2009-10. On my figures, Paladin is generating 2008-09 earnings per share growth of 400% while trading on a price/earnings multiple of 18.5 times. In contrast, Woolworths is trading on a 2008-09 multiple of 21 times, on low double-digit earnings per share growth in a weakening domestic consumer environment.

My valuation is $5.23 and 12 month target is $7.85, based on a global average of 1.5 times net present value (NPV) for the uranium sector. However, the upside case is reflected with a rise in valuation to $6.92 or a long-term target of $10.38, based a long-term uranium price of $US90 a pound. It is currently $US95.

Where do you buy a company with a leading industry position, expected to be producing 5% of the global mine production of a strategic commodity within two years, and trading at a discount to our current 12 month NPV? The answer is nowhere. I think Chinalco paid the wrong price for the wrong company! I think Paladin is a strong Buy and I am happy to buy from forced sellers at these levels.

 

[panikhide]

Re: PDN - Paladin Resources

Paladin is up 10% today (after jumping 12% earlier in the week) seemingly only on the announcement that bank approval has been obtained for the remaining funding component required to develop the Kayelekera Uranium Project in Malawi ($167M).

 

[exgeo]

Re: PDN - Paladin Resources

It seems to me that all the larger uraniums have been rising a bit lately. Perhaps this is finally the long-awaited market bottom? SMM and EME are both up as well lately, as are most of the stocks on a canadian uranium co. watchlist that I maintain (Laramide, DML, Mega etc).

 

[panikhide]

Re: PDN - Paladin Resources

It seems to me that all the larger uraniums have been rising a bit lately. Perhaps this is finally the long-awaited market bottom? SMM and EME are both up as well lately, as are most of the stocks on a canadian uranium co. watchlist that I maintain (Laramide, DML, Mega etc).

It's also interesting is that smaller uranium companies and market darlings, PNN and BMN, have not followed suit.

 

[Fab]

Re: PDN - Paladin Resources

It's also interesting is that smaller uranium companies and market darlings, PNN and BMN, have not followed suit.

Maybe now investors are making the difference between producers such as PDN and ERA and potential producer.

PDN is in another league and as Charlie mentioned it is probably a future equivalent to BHP or RIO in the Uranium area if you can compare it that way.

Still PDN is far far away from its high above $10. Very good recovery sign so.

 

[exgeo]

Re: PDN - Paladin Resources

Well I guess it's not surprising that the bigger names move first. A kind of stockmarket equivalent of "nobody ever got fired for buying IBM". If it's a genuine recovery in uranium stocks then I'd expect it to start to move down the food chain after an interval. Anyway, I've been nibbling at GBE, BLR, UKL in the last few days. They all have genuine projects and some cash to spend on them. The bull case for uranium is unchanged, it's just that hedge funds have been forced to dump stocks and uranium metal for any price they can get (or so I read).

 

[Fab]

Re: PDN - Paladin Resources

Well I guess it's not surprising that the bigger names move first. A kind of stockmarket equivalent of "nobody ever got fired for buying IBM". If it's a genuine recovery in uranium stocks then I'd expect it to start to move down the food chain after an interval. Anyway, I've been nibbling at GBE, BLR, UKL in the last few days. They all have genuine projects and some cash to spend on them. The bull case for uranium is unchanged, it's just that hedge funds have been forced to dump stocks and uranium metal for any price they can get (or so I read).

Sounds like hedge fund had to dump a lot of stocks in a lot of areas. I read they had to dump in the financial sector that is why MQG is so cheap (would not be surprise if we see MQG jump the same way in the near future) and also I read that they had to dump BHP recently too

 

[gfresh]

Re: PDN - Paladin Resources

Has been some press on nuclear recently.. UK forging ahead with nuclear plants for it's energy needs, to achieve greenhouse targets..

http://www.iht.com/articles/reuters/2008/02/13/business/OUKBS-UK-BRITISHENERGY.php

of importance:

...On January 10, Britain gave the go-ahead to a new generation of nuclear power stations, setting no limits on nuclear expansion and adding momentum to atomic energy's worldwide renaissance.

 

[voigtstr]

Re: PDN - Paladin Resources

Its good to see PDN at 6.00. Its now above my averaged price of 5.779 (having bought some at 4.80 in the dip).

I look forward to the day they start paying dividends

 

[Fab]

Re: PDN - Paladin Resources

Its good to see PDN at 6.00. Its now above my averaged price of 5.779 (having bought some at 4.80 in the dip).

I look forward to the day they start paying dividends

There is still a lot of upside to this stock I believe. Has anyone read the half year report. The result must be good as PDN annouced it after close of the asx yesterday and on the TSX PDN is up over 6%. It might get back to $10 soon. A long way I know.

 

[56gsa]

Re: PDN - Paladin Resources

pdn awarded the Angela and Pamela uranium deposits - am i reading this right - does the ref below mean they think it has 13,000t of U ie 26.4 m pounds (this is not JORC - but would be a significant deposit if it is??)

Extensive evaluation work was undertaken on the Angela and Pamela uranium deposits by Uranerz Australia Pty Ltd between 1972 and 1983. Historic uranium mineralization defined at the time comprised approximately 12,000t to 13,000t of U3O8 in the general range of 0.10% to 0.13% U3O8 and remains open at depth. Paladin owns all the original drill hole data for the deposit, including geology, geochemistry, down-hole gamma surveys and feasibility studies. This information, together with the Company’s extensive in-house knowledge of the deposits, will enable the Joint Venture to move rapidly into pre-feasibility assessment.