Australian (ASX) Stock Market Forum

PDN - Paladin Energy

Re: PDN - Paladin Resources

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???
 
Re: PDN - Paladin Resources

I think it has to do with fund managers doing review on PDN...please find the below comment from JP Morgan...quote:

"JPMorgan starts Paladin Energy (PDN.AU) with Overweight rating and A$7.15 target price, expects stock to outperform uranium sector in coming 12 months. "We are attracted to the company's projected earnings growth over the next four years, significant greenfield and brownfield exploration upside, and available optionality in forward uranium pricing mechanisms not available to legacy uranium producers," analyst says."

Also for the fact that PDN partner, EME in Birqli tenement just announce resource upgrade...EME has gone crazy as well....
I think EME is a better value buy for its takeover appeal...
 
Re: PDN - Paladin Resources

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???

Hey not bad

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -8.7 -3.5 21.3 30.8
DPS 0.0 0.0 0.0 0.0


thx

MS
 
Re: PDN - Paladin Resources

A lot of uranium stocks are rallying lately. Many of fund managers start to find value in uranium producers such as ERA and PDN...other hopefuls, smaller explorer companies with proven assets such as EME follow suits for its increasing takeover appeal.

The logic behind this is uranium is the best available alternative energy to oil to satisfy the world's demand.

Uranium spot price is moving around $60 at the moment. It has been $140 in the past....
Assuming the demand of uranium increase and the uranium market maturing like other commodities...if we just use the average of $90-$100 spot price, many uranium companies are undervalued by at least 30-40%.
 
Re: PDN - Paladin Resources

Share Prices are usually a forward indicator of the physical asset (in this case uranoum), so the move upward in PDN and the Canadian U308 majors suggests the spot price should start to rebound.
That been said, the stock prices have been rising for a few months, and upon last check the U price fell again last week.
Morale been: stocks are performing great. Spot price performing like a burnt out indicie
 
Re: PDN - Paladin Resources

I think an ann is due some time very soon re Paladin Nuclear.Was something mentioned in the last quarterly.Think this is the driver atm apart from all the doom and gloom over high price of oil.Cant wait to get a U powered car;)
 
Re: PDN - Paladin Resources

So who's game to call a change in trend from down to up (or possibly sideways) with Paladin??:D

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:)
 
Re: PDN - Paladin Resources

I am loving this run that Paladin is having at the moment. It's just about the only stock in my portfolio going up! Go PDN!
 
Re: PDN - Paladin Resources

So who's game to call a change in trend from down to up (or possibly sideways) with Paladin??:D

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:)

I'll be game to call it a mild trend reversal, it has to break the 7.50'ish mark to break the long-term down trend. A few more weeks like this and last week and were well on our way there.

Cheers
 
Re: PDN - Paladin Resources

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 Resources Ltd (PDN)
Greg Canavan is the head of Australasian funds research for Fat Prophets.
July 9 2008

What's new?

Perhaps Australia's politicians have a deep fear of a Homer Simpson-type overseeing the controls in sector 7G of their local nuclear power plant. Or perhaps there's a genuine concern about how and where nuclear waste is disposed. Whatever the reason, despite its merits as an emission-free energy source, nuclear power generation in Australia looks to be off the cards for some time.

It's a shame that we're not having a genuine debate about nuclear fuel because with the price of other forms of energy rising inexorably, the monetary and environmental arguments are becoming more compelling. Elsewhere in the world, nuclear energy is on the rise.

France produces nearly 80 per cent of its electricity from nuclear power. Globally, there are 34 reactors under construction and with more than 300 planned or proposed by 2025, many other countries aim to increase electricity generation by nuclear means.

Fuelling these nuclear plants will require uranium, lots of it. Paladin Energy is well placed to benefit. Paladin is a relatively simple company to understand. Its primary asset is the Langer Heinrich Uranium Project in Namibia, which began production in December.

Paladin owns 85 per cent of the Kayelekera Uranium Project in Malawi, which remains on schedule to commence production in the March quarter, next year.


In Australia, Paladin has a 50 per cent interest in a joint venture with Summit Resources (of which Paladin owns 81.82 per cent). The joint venture includes the Valhalla and Skal uranium deposits in Mount Isa, Queensland. While mining is not permitted, this could change.

The outlook Apart from the obvious risks of a new development project moving into production and uncertainty over the Australian assets, the outlook for Paladin remains strong.

Demand for electricity will continue to increase around the world. Currently, coal-fired power stations meet most of that demand. But coal is dirty and getting more expensive; clean coal technologies look promising but they are not yet commercially viable. We see the demand for uranium steadily increasing in the years to come. As one of the few existing global producers, Paladin is set to benefit strongly.

Price

Paladin's stock price had a remarkable run from late 2004 to early last year, rising from less than $1 to $10. But the uranium hype evaporated last year, bringing the share price back to reasonable levels. The stock bottomed at $4 in May and is now trading at more than $6.

Worth buying?

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
 
Re: PDN - Paladin Resources

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

Thanks arae,

Uranium may be a comeback punt.

Enclosed is a daily chart over the last 2 years. Its in an uptrend and if it can achieve higher highs and lows , it looks promising. Worth a punt. The red line is a 21 day moving average.

I was in RSA recently and heard good things about doing business in Namibia.

gg



gg
 

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Re: PDN - Paladin Resources

PDN .... I've a few ...

Some reasonable days on volume over the last few months + a few gaps up.

Looks like its getting picked up by the big boys. Drifting over the last week or so is mildly bullish as so far has not reacted down.

The US had another poor night so Monday I'm looking for another indecisive day. If the broader market can have a better week coming this one could shore up at these levels
 

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Re: PDN - Paladin Resources

This thing just will not stay down no matter what the market or DOW do.Surlely there must be some substance to rumours of a T/O or maybe just POO.According to Grant64 price uf U up again,see U update thread.Imagine the price if Labour changed(or even hinted at a change in policY)
 
Re: PDN - Paladin Resources

wow.

Good news for Paladin with EME announcing an updated scoping study with Uranium production up 93% Vanadium up 107% and the mine life increased from 8 to 12 years

And yet PDN gets smashed again on what should have been a good day.

What am i missing:confused:
 
Re: PDN - Paladin Resources

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 think;)but 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:eek:
 
Re: PDN - Paladin Resources

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 think;)but 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:eek:


Totally agree, the report was actually a positive, but the spin put on it made it seem negative. They could have worded it much much better, they need to fire whoever wrote it....!:mad:
 
Re: PDN - Paladin Resources

Markets dont need any excuse atm to sell something down so why provide the ammo and the catapult:eek:

I've been quite pessimistic lately but now I've realised (either rightly or wrongly) that these moves down, in this case largely due to the wording of the announcement, is an opportunity to buy.

Obviously with watch the US tonight, and assuming there aren't riots on the streets of NY; will try and catch an opening dip in PDN. I bought about a year ago, it has been above and now lower. I still believe in both the company and outlook for U3O8 so accumulation is the go for me. There seem to be some other 'die-hard' (sorry about the pun) followers, do you have any opinions?
 
Re: PDN - Paladin Resources

Just been looking at the TSX (Canada) and PDN has lost a bit there also, following Australian lead. There seems to be a very strong support line ~$4. My thoughts had been to buy at $5, but it might be that $4 is on the cards if negative sentiment continues.

I'm very new, anyone who's been watching this for a while...
 
Re: PDN - Paladin Resources

Hey is there any merit too this chart or trend please guys?

I see it as a trend reversal making higher lows and higher highs..possible forming something of a pennant?
 

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Re: PDN - Paladin Resources

I like the fundemental long term prospects for Uranium and, as a consequence, think PDN has excellent fundemental prospects. Short term production data should be viewed as just that - Short term.

To all the Tech Analysts, where do you see the short term SP going? In my uneducated opinion, $4 seems to be a real support line. Will the stock actually get to this level if many traders see this as an entry point?

I see this stock tracking a bit lower but dont wont to miss a good entry point.

Opinions welcome
 
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