PDN - Paladin Energy

[Go Nuke]

Re: PDN - Paladin Resources

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

Ah thanks for the votes of confidence fellas

I was doing a T3 trade with PDN and like most times...that just like gambling.
98% of the time I get burnt, and i did so with PDN selling out at $4.12 for a loss.

Like Kevo, i came across with the SMM takeover too. So am significantly down since that happened.
No more T3 rubbish for me. It just doesn't work and let that be a lesson to anyone else that tries!
It may work once or twice but its playing with fire and will send you/me broke

Trying to save for a house now (what a laugh that is) so no more buying shares for me.
My portfolio is down well over 50% now (mainly thx to BMN) and has totally knocked the excitement and confidence outa me.

I will just have to sit back and read about all the money that other people are making, taking in what info i can so that one day I may be successful too.

Still believe PDN is a great company.

 

[treefrog]

Re: PDN - Paladin Resources

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

well support perforations are getting bigger in this market and $4 didn't hold - next support level at $1.70

 

[peteai]

Re: PDN - Paladin Resources

I have dived back into Palidin again - the temptation is too high at these prices - it has proven they can build a mine in a few years they will be approaching 10Mpds - Yeh the current spot is low - but this will slow down other mines Just my opinion that pluses out weight the negatives

 

[voigtstr]

Re: PDN - Paladin Resources

What kind of production will Paladin need to hit before they consider paying dividends? (Is there a general rule for these sorts of things) (ASIC disclaimer: I hold two small parcels of these shares)

 

[Sean K]

Re: PDN - Paladin Resources

What kind of production will Paladin need to hit before they consider paying dividends? (Is there a general rule for these sorts of things) (ASIC disclaimer: I hold two small parcels of these shares)

I doubt they'll pay dividends for some time.

Aren't they about to build another mine and looking at other growth options?

The immediate outlook doesn't look to hot and not a good story for any wanna be developers with big capex requirements (eg, BMN).


Paladin flags cancellations
Jesse Riseborough
October 16, 2008

PALADIN Energy, the Perth-based company producing uranium in Namibia, said the global credit crisis would delay or scupper planned industry projects, cutting supplies of the nuclear fuel.

"The impact of the credit tightness on the supply side of the uranium business will probably cause the deferral or cancellation of some planned uranium projects," Paladin said yesterday in a statement on production and sales.

The worst US financial crisis since the Great Depression has made banks more reluctant to lend money, raising global borrowing costs. JPMorgan Chase last week cut its uranium price forecast through to 2010, citing the potential for the freeze to slow project development on nuclear power.

The credit crunch would also "reduce the money available for exploration companies, which will only exacerbate the supply-demand imbalance in the future", Paladin said.

Paladin closed 39 ¢, or 15%, lower at $2.21. It has dropped 67% this year.

Still, "reactor construction and forward planning for new plants continues strongly in China and other major Asian countries as well as in Russia", Paladin said. "Demand for uranium in the medium to long term remains extremely strong."

The company reported sales of $US51 million ($A73 million) in the three months to September 30, from 878,000 pounds of uranium oxide at $US58 a pound. It had $US279.5 million in cash, and construction of the Kayelekera project in Malawi was on schedule to start next quarter, the company said.

 

[peteai]

Re: PDN - Paladin Resources

Wow... A year ago we had a 1 in front of the SP and we now have again,
only 1 year ago it was for SP > $10

 

[DionM]

Re: PDN - Paladin Resources

Well I topped up on PDN today.

The other parcel I was still holding, would you believe, was from $9.00 !

So I averaged down pretty hard with a purchase today at $1.88.

I have made money trading PDN before, from $4 to $5 for example. Though I've stuck this one in my long term bucket (hence still having the $9 parcel!) as I think this is quite a good buying opportunity opportunity. PDNs report released recently had nothing but good news in it, and whilst there may be a lull in U prices at present, I think it is very hard to ignore that Nuclear power will play a big role in the next 20-40 years as carbon trading kills off the economic viability of coal-fired power stations (let alone the fact we may be running out of coal) - from both building new stations and extending the life of old ones. We still need baseload power, and there are no 'green' alternatives to big baseload coal-fired power stations mooted yet.

There may be some more downside to the PDN SP, but today's hammering made it too tempting for me.

I also think (and this is just an opinion!) that big infrastructure projects like building power stations may be something governments look to to stimulte their economies - just an opinon, however - I could be barking up the wrong tree.

 

[Uncle Festivus]

Re: PDN - Paladin Resources

PDN is looking very oversold?

Langer Heinrich Production reaches nameplate for quarter

• 75% increase in Ore Reserves
• 46% increase in Measured and Indicated Resources
• 64% increase in Inferred Resources
• Sales of US$51M for the quarter

Kayelekera construction maintains schedule and budget

• Commissioning and operations teams being recruited
• Key long term uranium contract signed with major Asian utility
• Strong cash position US$279.5M at quarter end

Cash =$1.15 per share & sales of $US51m per qtr!!

 

[DionM]

Re: PDN - Paladin Resources

GE has increased it's holdings -see ann. out today.

For a bit of background:

It is an emerging trend for Nuclear reactor manufacturers to get involved in the Nuclear fuel business - Areva pioneered it, and GE has said publicly it wants to have the same model (and Westinghouse probably does too).

Here's a nice post on it:
http://djysrv.blogspot.com/2008/01/ge-to-expand-nuclear-fuel-services.html

From there you'll also find a link to a Bloomberg report that says GE is keen to get into partnerships with U miners:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaiGCCHHCyGg

 

[shag]

Re: PDN - Paladin Resources

well at least it bounced off its 1.70 support level
i bought a handful around that price.
it must be a red hot prospect in a few yrs, takeover target if rio or bhp could get some dosh.
i like them at this price, and remember the summit gold fiasco, went from dirt, to bucks, back to dirt, then much time later-recently, they struck gold again in the form of uranium...lets hope this does similar.....

 

[DionM]

Re: PDN - Paladin Resources

well at least it bounced off its 1.70 support level
i bought a handful around that price.
it must be a red hot prospect in a few yrs, takeover target if rio or bhp could get some dosh.
i like them at this price, and remember the summit gold fiasco, went from dirt, to bucks, back to dirt, then much time later-recently, they struck gold again in the form of uranium...lets hope this does similar.....

Just below that 1.70 support now.

Interesting.

Maybe I should have waited before I got in - I though high 1's would be it, but it's headed to well below that today.

Didn't we have a DOW up day overnight!

 

[peteai]

Re: PDN - Paladin Resources

Just below that 1.70 support now.

Interesting.

Maybe I should have waited before I got in - I though high 1's would be it, but it's headed to well below that today.

Didn't we have a DOW up day overnight!

It crashed though that 1.70 well I thought I better buy some more because it is just too tempting at these prices ... I might regret it ... but it has to rise from these prices ?? doesn't it ?????

 

[Sean K]

Re: PDN - Paladin Resources

but it has to rise from these prices ?? doesn't it ?????

LOL Pete.

That's been said a few times on many stocks the past few months.

Just about everything is going with the tide.

When it finally goes out, will you have pants on?

 

[DionM]

Re: PDN - Paladin Resources

It crashed though that 1.70 well I thought I better buy some more because it is just too tempting at these prices ... I might regret it ... but it has to rise from these prices ?? doesn't it ?????

I must admit I've gotten a bit blaise about falling prices ... my portfolio is such a see of red, another few thousand doesn't seem to register anymore ...

Anyway, PDN is in a good place in a few areas:

1. Producing, making an income (still making a net loss though, albeit smallish)
2. Exploring still. (and I suppose to help with money, it could stop this)
3. Money in the bank / finance lined up (some due soon-ish, but not terribly urgent)
4. In a sector that will not contract anytime soon IMHO - you just can't stop building power stations because you want to - people use more and more energy. There are few alternatives to nuclear as a 'carbon friendly' base-load (ie 1000s of MW) generator. Demand for fuel will only increase - these big nuclear stations are needed - wind/solar/etc are only peak-load stations, so they cannot replace the function of big coal.

Additionally, something that is unique in the nuclear power industry is that the big players in constructing generators (Areva, GE) want to provide a "one stop shop" - and that means being involved in fuel (i.e. U mining). This is unique to nuclear - imagine if BHP mined the ore, made the steel and built bridges! Areva is the leader in this, and GE wants to be like them (I recently attended a conference on the topic). Hence GE's stake - they want a foot in the door of a reliable U miner.

 

[peteai]

Re: PDN - Paladin Resources

LOL Pete.

That's been said a few times on many stocks the past few months.

Just about everything is going with the tide.

When it finally goes out, will you have pants on?

Definitely a lot of red in my portfolio - but I can hold for as long as it takes -assuming the whole economy does not implode & I'm busking for my living.
I think PDN is well positioned even if the credit crisis drags on
DionM, Also agree with you on why PDN looks good.
But like any stock, it can always drop........maybe a lot more.....only tempting me to buy more taking 1 more step deeper, but hopefully not deep enough to be taken out with the "tide"!!

 

[shag]

Re: PDN - Paladin Resources

i believe apart from the t/o aspect, that china will include nuc power stations plus uncle sam will do the same, to combat global warming plus speed the economy up.
i like the one stop shop aspect also. from engineers to nuclear fuel, a solid plan.
look at era today, shoot up, mac bank said they put it on their buy with convistion list, plus huntleys like it. paladins just as good or worthy, so must occur sometime.

 

[drlog]

Re: PDN - Paladin Resources

I just bought into PDN at $1.80. A bit undervalued since we are looking at forecast positive earnings next year, good financial standing and growth in the years to come.

My portfolio is also a sea of red! Who's isn't? I started buying about 8 months ago and I'm now dumping every second pay cheque into the market.

I consider myself to be an environmentalist but I'm also a scientist. Uranium is a good and viable alternative to coal. If the greens hadn't been so anti-uranium, I would have voted for them last election. The truth is, these people wouldn't even know the difference between nuclear fission and fusion!

Ok, that's my rant for today!

 

[james99]

Re: PDN - Paladin Resources

Nov 26 (Reuters) - BMO Capital Markets initiated coverage of two uranium miners Paladin Energy Ltd (PDN.TO: Quote, Profile, Research, Stock Buzz) and Uranium One Inc (UUU.TO: Quote, Profile, Research, Stock Buzz) with an "outperform" rating , saying the companies would make good investments, given the steady rise in uranium prices, even as prices of other commodities collapse.


"BMO Research believes that investors in stocks well placed to capitalise on uranium prices will see substantial returns in the near to medium-term," BMO Capital analyst Edward Sterck said in a note to clients.

 

[Sean K]

Re: PDN - Paladin Resources

Seems to have stabilized with the rest of the market and forming up some sort of support around $2.00.

Was that a bottom?

Only time will tell, but there's been some good short term opportunities the past week.

 

[tom_rhodes]

PDN - PALADIN ENERGY LTD

hey, anyone else here holding this stock?

I bought back in November 08 and not being going to well with it since then. I always keep an eye on the company news but don't always understand how it is effecting the stock price. I would appreciate a thread to help discuss news release from PDN.

anyone interested?