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PDN - Paladin Energy

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Re: PDN - Paladin Resources

Bolivia said:
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
Click to expand...

hi bol,
depends whether you are emotional about the stock or an objective trader
yes $4 is a sig. support level and good entry point with a tight stop under as it has recently visited there twice before and could be the bulls are getting tired - if $4 holds (third bounce) should be a good run north from there.
The emotive ones will say it won't get to $4 and you need to buy before that
 
Re: PDN - Paladin Resources

You would have to assume that someone is now having a second look at this after not making a move when it was around $4 last time,14M traded today already(sorry make that nearly15M) or $67M worth,some pretty deep pockets,maybe GE?Would a speeding ticket/query be issued for that sort of volume
 
Re: PDN - Paladin Resources

PDN cost me a few bob ... I think it's doing a WPL ....

Have a look at WPL Sep 06 to March 07 - once this one decides what direction is wants to take then the $$ will flow. Might be a while yet
 
Re: PDN - Paladin Resources

Hey, not sure why PDN is being smashed like that... :( Wish I had more cash available to buy more at this price....

There's hope that liberal will win in WA (if they do, it's a bonus, if not, should it have a big effect on PDN?)

Fundamentals still very good on medium long term...
Ongoing issues with Cameco leading to a shortage of available Uranium... takeover rumours (Extract merger, Rio interested...)...

And very good news with the nuclear trade ban on India lifted...
http://in.reuters.com/article/businessNews/idINIndia-35378620080908

All this is pointing to an increase of the spot market price and long term contracts

Your thougths?
 
Re: PDN - Paladin Resources

ChomChom said:
Hey, not sure why PDN is being smashed like that... :( Wish I had more cash available to buy more at this price....

There's hope that liberal will win in WA (if they do, it's a bonus, if not, should it have a big effect on PDN?)

Fundamentals still very good on medium long term...
Ongoing issues with Cameco leading to a shortage of available Uranium... takeover rumours (Extract merger, Rio interested...)...

And very good news with the nuclear trade ban on India lifted...
http://in.reuters.com/article/businessNews/idINIndia-35378620080908

All this is pointing to an increase of the spot market price and long term contracts

Your thougths?
Click to expand...

The fundamentals for the industry are indeed good going forward and better than many other commodities, with increasing demand, the spot price at USD $64.50 (up from a bottom of about $56), and decreasing supply. It appears to be indiscriminate selling off in the wake of fund redemptions, market fear, margin calls and herd behaviour. All U stocks in Canada are way day in the last six trading sessions, with Denison Mines down over 30 per cent and Cameco down around 20 per cent.

As an aside, this is probably a good clue as to why professional fund managers can rarely beat the index.
 
Re: PDN - Paladin Resources

I picked up a few more at $4.80 today and then watched it fall further to $4.60. Ah well ... :) You have to laugh. I'm expecting things will sort themselves out in a year or so.
 
Re: PDN - Paladin Resources

Why is PDN being hit so hard compared to the rest of the market? The ASX 200 is down 2.5%, but PDN is down 10%! Even ASX 200 Energy is only down 4%..
 
Re: PDN - Paladin Resources

Hewus said:
Why is PDN being hit so hard compared to the rest of the market? The ASX 200 is down 2.5%, but PDN is down 10%! Even ASX 200 Energy is only down 4%..
Click to expand...

Anything associated with uranium is seen as super speculative in today's market, regardless of the merits of the individual stock.
Super speculative doesn't play well when the entire western world's financial system is under the biggest cloud anyone can seem to remember!
 
Re: PDN - Paladin Resources

That cloud just got bigger. DOW down 449 this morning. I can feel my losses getting bigger already and the ASX has not even opened yet... :(
 
Re: PDN - Paladin Resources

Urggh...Think I'm going to be sick:crap:

Bought into PDN at $4.29 thinking I could buy in the low and sell in the next high.....um...its not going to plan though:(

If fact, I dont think I could have picked a worse stock the other day..actually, ye sI could...BNB. but still. Now all my U stocks r going down the toilet...BMN,ERN,PDN :(

I just hope that when the bleeding has finished, PDN can push up through $4.
Or pray for a takeover at say $5+
 
Re: PDN - Paladin Resources

yes, i feel ill as well

ditched PDN this morning, as part of my purge of worst performers

and its still going down

i bought it as a long term U play, but could no longer stand the short term pain

the only consolation, is at least it hasnt gone up since i sold out!

might buy back, if & when some market stability returns
 
Re: PDN - Paladin Resources

I don't understand the market... :banghead:
I'm still in and still happy to be in (wish the share price was higher, but that's life...)
PDN is for me the best bet in Uranium and one with the less risk, it's producing, ramping up production, lots of potential, good news... in it for the long term... will look at buying more at $3.5 :2twocents
 
Re: PDN - Paladin Resources

awg said:
yes, i feel ill as well

ditched PDN this morning, as part of my purge of worst performers

and its still going down

i bought it as a long term U play, but could no longer stand the short term pain

the only consolation, is at least it hasnt gone up since i sold out!

might buy back, if & when some market stability returns
Click to expand...

ChomChom said:
I don't understand the market... :banghead:
I'm still in and still happy to be in (wish the share price was higher, but that's life...)
PDN is for me the best bet in Uranium and one with the less risk, it's producing, ramping up production, lots of potential, good news... in it for the long term... will look at buying more at $3.5 :2twocents
Click to expand...

Agree with you CC.

I bought it as a U punt. I'll hang in. Its a $100 on the red bet. At least they are producing.

awg I understand your pain.

gg
 
Re: PDN - Paladin Resources

Don't forget Merrill Lynch has (or more likely, "had") 35 million shares of PDN. GE Asset Management also had a very large number of shares. It looks like shares are being dumped because of liquidation of holdings.
 
Re: PDN - Paladin Resources

Acquired stocks in PDN from the SMM buyout. From what I've noticed since then is PDN will get hammered any time the Aussie stocks take a dip due to panic selling. I'm a long term hold with this one and usaully take on a few more when the price is this low. I think it still has a lot of value and will bounce back when things calm a little.

My only concern is the US influence, still alot of $hit in the pipe yet to come out yeah?
 
Re: PDN - Paladin Resources

Go Nuke said:
Urggh...Think I'm going to be sick:crap:

Bought into PDN at $4.29 thinking I could buy in the low and sell in the next high.....um...its not going to plan though:(

If fact, I dont think I could have picked a worse stock the other day..actually, ye sI could...BNB. but still. Now all my U stocks r going down the toilet...BMN,ERN,PDN :(

I just hope that when the bleeding has finished, PDN can push up through $4.
Or pray for a takeover at say $5+
Click to expand...

Hm yeah its been tough

Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS -6.2 9.9 27.2 41.1
DPS 0.0 0.0 0.0 0.0

Date: 15/9/2008
Author: Cath Hart
Source: The Australian --- Page: 27
Australian and overseas resources groups with uranium tenements in WesternAustralia (WA) received a significant boost on 14 September 2008. Thestate's National Party has decided to support the Liberal Party in forminggovernment after the 6 September election, and this is highly likely to resultin uranium mining now being allowed in WA. The previous government of theAustralian Labor Party had ruled out such a move, with premier Alan Carpenteralso threatening to enshrine a ban in law. Among the companies now set to investin their uranium assets in WA and raise the gross state product by $A3.2bn inthe period to 2030 are Mega Uranium, BHP Billiton, Cameco-Mitsubishi, Energy& Minerals Australia and Paladin
Click to expand...

thx

MS
 
Re: PDN - Paladin Resources

Go Nuke said:
Urggh...Think I'm going to be sick:crap:

Bought into PDN at $4.29 thinking I could buy in the low and sell in the next high.....um...its not going to plan though:(

If fact, I dont think I could have picked a worse stock the other day..actually, ye sI could...BNB. but still. Now all my U stocks r going down the toilet...BMN,ERN,PDN :(

I just hope that when the bleeding has finished, PDN can push up through $4.
Or pray for a takeover at say $5+
Click to expand...

Hang in there GN, things are happening in the U sector........GE recently bought into PDN are are aligned with SLX ( Silex ) also. PDN have just announced that they have upped there stake in DYL to 19 odd %. RIO have bought into EXT ( Extract ) recently so all is not so bad, and besides a nice bounce yesterday bringing you close to your buy in price. Good luck.

MB
 

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