Perhaps it had something to do with an article publish in the Fin Review about U stocks clawing back..as well as the U spot price gradually rising???
So who's game to call a change in trend from down to up (or possibly sideways) with Paladin??
Been some obvious shift in sentiment again towards uranium stocks of late.
I'm sure it would be the ever increasing price of oil and the very real threat of peak oil.
I would expect to hear an update on the Kayelekera project anytime soon. or will they just leave updates for the June report?
Either way as a Summit shareholder who came across with the PDN takeover, im glad to see it heading in the right direction for a change
Hi guys, here's an interesting evalutation on PDN. It was on today's Sydney Morning Herald website and is from Fat Prophets research...
Paladin is not the cheapest stock around, trading about 40 times 2009 earnings forecasts. But the increase in earnings over the next five years is expected to be substantial. For that reason Paladin represents a worthy speculation in the energy sector, warranting a small portfolio allocation. With increasing concerns over carbon emissions, uranium mining and nuclear energy will come into focus. As with oil, uranium will soon be seen as a strategically important asset and this should be reflected in the performance of uranium producers like Paladin.
This story was found at: http://www.moneymanager.com.au/articles/2008/07/07/1215282744144.html
Go nuke,report out a couple of days ago is the reason.Has been travelling well of late but this report whilst on the whole good started off with something along the lines of U production down 12%.When you look at the graphs comparing past and current performance they are just 12% off full scale production so perhaps could have highlighted this in a different way eg 20%increase in production from last quarterly and plant operating at almost capacity with no problems-means the same think(I thinkbut is a lot less negative than starting off on the wrong foot.Markets dont need any excuse atm to sell something down so why provide the ammo and the catapult
Markets dont need any excuse atm to sell something down so why provide the ammo and the catapult
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