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PDN - Paladin Energy

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Re: PDN - Paladin Resources

Hi Treefrog,

Yes the The U market seems to have hit a soft spot recently. However it is not very transparent market from what I hear & I'd like to know more about the state of the market.

The plus side for Paladin & established miners is that the uncertainty in U prices probably is a bigger problem for those hoping to finance a mine (in the current credit crisis they have to convince nervous banks & other backers when the U price is uncertain on top of all the other risks)

The suppliers have some advantages in supporting price -
  • The suppliier can hold off supply at minimal cost
  • The reactors must be kept running and the cost of the Uranium is a very small part of the running cost - so security of supply is top priority.
In theory the supplier will bargain hard for price whereas the buyers with give more priority to security of supply. The predicted outcome is that the buyer should offer high price for return for security of supply.


Cheers
PETEAI
 
Re: PDN - Paladin Resources

dot sure: if I was buyer would want discount for LT order and significant
quantity - much like ERA did years ago (not suggesting market is similar to era deals at all) but yes market forces at the time main criterion
 
Re: PDN - Paladin Resources

Perhaps we are going to challenge the low of Jan 31 (or even the low of the past 12 months $3.80!).

On a more positive note, from todays FN Arena:
Paladin Should Outperform Says Credit Suisse
FN Arena News - April 24 2008

By Chris Shaw

With growing demand expected to keep uranium prices above the marginal cost of production for the longer-term Credit Suisse has forecast an average spot price of US$90 per pound for the period 2010-2012. Longer-term there remains upside as China expands its nuclear power capabilities, which the broker expects will result in annual growth in nuclear power production of 3%.

To reflect this the broker has initiated coverage on Australian producer Paladin (PDN) with an Outperform rating, as in its view the stock offers a compelling risk/reward profile for investors over the next year given that on both a price to net asset value basis and an implied uranium price basis the stock is among the least expensive in its peer group.

http://www.fnarena.com/index4.cfm?type=dsp_newsitem&n=7E0FE12E-1871-E587-E13CEBC0144727CB
 

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Re: PDN - Paladin Resources

The only problem with these hopeful predictions are the ones that came before them. For at least the last 6 months many big names have pegged PDN at buy while more recently the average targets has declined.

I currently still hold a fair bag of these shares and have been lowering my average with these dips, however I dont predict any real news in this sector until at least the end of this year.

Long Hold for me.
 
Re: PDN - Paladin Resources

Anybody have any news with this stock? Been a good few days although I really cant see why, U spot price unchanged and nothing major going on or so it seems...
 
Re: PDN - Paladin Resources

PDN up almost 10% in the TSX. Should be good today.
U spot price down 2 pts. Interesting that they both go different direction so
 
Re: PDN - Paladin Resources

Funnily enough a lower spot will start to discrouage all these uranium hopefuls (explorers) with small deposits only feasible at higher uranium prices.

Which means that the strong current producers PDN, ERA, BHP etc can survive a market downturn until the demand side picks up again.

I think people are also beginning to realise that PDN is the only uranium producer to come online in last 25 years so it is quite an achievement. Once second mine is up and running we will see PDN to become de-risked and revaluated.
 
Re: PDN - Paladin Resources

It is nice to see PDN firing up again. Looks like indeed a lower U spot price is doing some good to PDN. There must be some more good news to come. Hopefully we will see this one back to $10 soon
 
Re: PDN - Paladin Resources

Paladin is finally above my 5.779 averaged buy price. I cant see any new announcement. Is there a reason why they had nearly a 10% swing up today?
 
Re: PDN - Paladin Resources

voigtstr said:
Paladin is finally above my 5.779 averaged buy price. I cant see any new announcement. Is there a reason why they had nearly a 10% swing up today?
Click to expand...

The stock has just returned to this level just to allow you to get out and make a small profit. Sell now while the window of opportunity is open.
 
Re: PDN - Paladin Resources

panikhide said:
The stock has just returned to this level just to allow you to get out and make a small profit. Sell now while the window of opportunity is open.
Click to expand...

LOL, thanks for that!. If I were to sell out now, I would still make a loss when brokerage is included. I intend to stay with paladin long after they are paying dividends. I dont intend to trade it as such, but will attempt to pick up more stock if it drops considerably (for non fundamental reasons).
 
Re: PDN - Paladin Resources


I think you missed the point of my post. The forums aren't here so the rest of us can keep tabs on your portfolio. I have no interest in what you buy and sell and for what price. The purpose of the forums are to enable us to chat about events that affect particular companies, the prospects of those companies and analysis of the market. Please keep your posts to that or just read them and take the valuable information they offer.
 
Re: PDN - Paladin Resources


Since you seem to be a font of wisdom and helpfulness, perhaps you can answer the second part of my original question "Is there a reason why they had nearly a 10% swing up today?"

Cheers
 
Re: PDN - Paladin Resources

voigtstr said:
Since you seem to be a font of wisdom and helpfulness, perhaps you can answer the second part of my original question "Is there a reason why they had nearly a 10% swing up today?"

Cheers
Click to expand...

Most uranium's where up yesterday. DYL was up by over 25%. It seemed like a hot day for uranium in general. I think one of the main reasons for such an upswing was a surge in oil prices, as well as general speculation about uranium as a future energy source.
 
Re: PDN - Paladin Resources

voigtstr said:
Since you seem to be a font of wisdom and helpfulness, perhaps you can answer the second part of my original question "Is there a reason why they had nearly a 10% swing up today?"

Cheers
Click to expand...

Nowhere in my post did profess wisdom. All I did was comment on the purpose of these forums.

In answer to your question, yes, there is a reason. I'm not sure why that is, but I can point to a few possibilities.

Firstly, Paladin is in an uptrend. Yesterday was just a continuation of that uptrend. There was also a 5.5% increase late last week. Maybe yesterday was the day the bulls got excited and slapped their money down.

Second, there is renewed interest from buyers in the uranium sector generally. Other uranium stocks also touched high share prices yesterday, including BMN, ERA, EXT, PNN, TOE and DYL. Maybe a big player bought big in the sector. Maybe someone dropped a hint that uranium is back in favour. Maybe people using a technical analysis saw buying signals - the Paladin chart does not suggest a trend reversal.

Maybe someone had an article published about life without oil and people are starting to think about investing in other energy sources.
 
Re: PDN - Paladin Resources


Just wondering why you seem to have taken some kind of offence at voigtstr's post. I don't recall there being anything in the rules that prevents people from explaining their positions from a buy/sell aspect. Which is what he/she did.
 
Re: PDN - Paladin Resources

PDN up a lot again in good volume today in a mostly down market. Good sign. I hope it keeps going.Are they anymore rumours of a takeover on PDN ??
 
Re: PDN - Paladin Resources

Fab you would be no good in a game of hide and seekLook at the post above yours and click on the link
 
Re: PDN - Paladin Resources

Hey all,

Does anybody know why Paladin went up 8.84% today on a bad day for the market (despite ending up slightly)? Or is it just more of these takeover rumours?

Thanks.
 
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