PDN - Paladin Energy

[shag]

Re: PDN - Paladin Resources

Looks like the socialists are back in, holding back progress, halting development of billions of dollars worth of projects to the state, and bowing to the brown coal lobby with more back scratchers at the ready.



Wonder how punters will feel about PDN assets in the banana state Monday?

pissed me off too
surely people must realise if u at least have moderate developemnt, then there is cash for oldies, the sick, and proper education.
nz had a decade of this rubbish u guys r heading into, and it just became so rediculous there.
even if its economy was going good, who whould not move here apart from the bludgers and those poor bastards who r stuck there like the old and sick and suffer the most.
what arguemnt do u use against uranium development nowadays since its become the new greenish energy.
aus will likely need to use it also, to power desalination plants unless technology changes.

 

[Sean K]

Re: PDN - Paladin Resources

Very surprised with the result for PDN today. No one seems to care that they have invested gazillions into a state that will not allow them to mine. Odd really.

Oh well, happy the SP didn't tank on the news.

SP hitting the top of this wedgy looking thing. Expect a drop, or if it breaks through should result in a bit of run you'd imagine.

 

[jonojpsg]

Re: PDN - Paladin Resources

Nice analysis kennas - wedgy looking thing hehe. If you look back at October though you can see that price action over the last few months has been filling the gaps from the fall off a cliff then (more very technical analysis ). Most recently has been filling the top gap so possibly looking now to break up back to pre-October territory? Just my amateur

 

[dj_420]

Re: PDN - Paladin Resources

Very surprised with the result for PDN today. No one seems to care that they have invested gazillions into a state that will not allow them to mine. Odd really.

Oh well, happy the SP didn't tank on the news.

SP hitting the top of this wedgy looking thing. Expect a drop, or if it breaks through should result in a bit of run you'd imagine.

With second mine about to start production I think people are looking past that point. The development in QLD will eventually happen, it is just years away, plenty more projects in Australia like JV with EME and Cameco to keep them occuppied.

Once they get into full swing the forward PE for next year is around 15, so looking much better than when is was well over 100x forward PE!

 

[kenny]

Re: PDN - Paladin Resources

Thanks kennas & jono. That's the sort of TA that I can understand.

What would drive the sp up towards the pre October levels do you think though?

Cheers,

Kenny

 

[Sean K]

Re: PDN - Paladin Resources

Thanks kennas & jono. That's the sort of TA that I can understand.

What would drive the sp up towards the pre October levels do you think though?

Cheers,

Kenny

General market sentiment improvement (happening), price of uranium steady rise back towards $80+, or a nice big fat juicy takeover offer from Areva and a prolonged bidding war between them and Comenco and BHP maybe. Just 3 ideas.

 

[kenny]

Re: PDN - Paladin Resources

I was thinking how much the general improvement of the markets recently may have played a role but the gains seem to be more than just that. people getting set for a possible M&A action sounds quite plausible. What do you think about the effect of the slow turnaround in the Green crowd's acceptance that nuclear power is really green and helping the push for uranium demand in their respective nations?

Cheers,

Kenny

 

[Sean K]

Re: PDN - Paladin Resources

What do you think about the effect of the slow turnaround in the Green crowd's acceptance that nuclear power is really green and helping the push for uranium demand in their respective nations?

Cheers,

Kenny

Australia seems to be the only country that is afraid of a nuclear reactor in their back yard. Of more interest is the number of mines coming on line overseas and planned construction of new plants and therefore demand. ERA's boss recently made a statement that he saw the future being pretty good in regard to the supply demand equation. That is, good for a strong uranium price.


ERA confident in long-term uranium demand
Alex Wilson | March 20, 2009

Article from: Dow Jones Newswires

ENERGY Resources of Australia said today long-term demand for uranium remains strong and higher prices are expected.

The miner, a subsidiary of Rio Tinto , said much of the new uranium supply planned in recent years hadn’t materialised and at the same time demand forecasts continue to be revised upwards as countries increasingly turn to nuclear power to meet their energy needs.

“Overall, the supply and demand balance in uranium markets point to sustained higher prices in the medium term,” ERA said in its annual report.

ERA said the most significant growth in demand for uranium in the next decade will come from China, but the demand outlook was also strong for many other major economies across Europe, Asia and North America.

 

[kenny]

Re: PDN - Paladin Resources

Good article, Kennas.

The supply side certainly seems to change with disturbing regularity. Flooded mines and disrupted schedules make it hard to guarantee supply to clients or reassure analysts of estimated production numbers. Over the past 18 months, I get the feeling supply has decreased rather than expanded. I guess you are pointing to this as a significant factor towards the rise of uranium prices.

regards,

Kenny

 

[shag]

Re: PDN - Paladin Resources

i personally think even labour will eventually lose the anti uranium strategy. like its present options r loads of horrible wind farms, tidal energy, solar, a little hot rock/geothermal, and really the most likely is big coal burners. and when it comes to coal burners, or nuc's(both of which u can conveniently throw close to the consumers), nuclear looks better and better as an interim measure.
this applies to most of the world.
i'm no expert but with nuc's, the only real issue is the waste, and they r working on that, with lasers etc.
they could maybe use new zealand as one big nuclear waste deposit too, presently its little use for anything else and the people r left there by choice are already pretty mutated, big, fat 'n braindead. sorry thats derogatory to people with headinjuries.

 

[bulli]

Re: PDN - Paladin Resources

they could maybe use new zealand as one big nuclear waste deposit too....

I started laughing at this point and it only got funnier, nice one shag. Very funny..and practical too

 

[shag]

Re: PDN - Paladin Resources

yes im a bit negative nz nowadays(and i have to go back this week). my parents r stuck there, old, have family land. i always loved aus as a kid, and parts of nz, but its got worse. too many good people have left, and kept leaving for a generation now.
i was a little serious too, i was thinking that the world is big, all they need is some small island, dump the worlds irradiated waste there-ie a repository but a world one, and seal it in glass(isolate and contain it) and wait till a solution is found. all u need is to keep a few k away from it, keep your crocs and wildlife away so u dont mutate them into something u don't want.
if, and i say if we get global warming, surely this is better than having whats been suggested.
then aus can dig like mad, and when the stuffs run out, u'd expect they would have cracked fusion or become more energy efficient.
the extreme greenies can't easily have it both ways.

 

[Sean K]

Re: PDN - Paladin Resources

PDN tapping on the upper channel door. Either means a potential short, or if it breaks through a significant shift up. Around the $3.65 level, so close to break up.

There's a few charts looking like this now which means a couple of things to me.

If they break through, then we've probably seen a bottom. If not, it's a bear bounce and we're probably going to test the lower ranges.

 

[Sean K]

Re: PDN - Paladin Resources

PDN been consolidating under this resistance zone and needs something to break through. $1.1 tril maybe? Maybe not.

Is that a cup and handle I see?

Probably not. Breaking through $4.00 will be a miracle, and very very good sign. Unless you short it.

 

[Moneybags]

Re: PDN - Paladin Resources

PDN been consolidating under this resistance zone and needs something to break through. $1.1 tril maybe? Maybe not.

Is that a cup and handle I see?

Probably not. Breaking through $4.00 will be a miracle, and very very good sign. Unless you short it.

Why do you say it will be a miracle Kennas.......because of the resistance there and the down trendline coinciding? I don't hold presently........have traded it from 2.25 - 2.75 and 2.50- 3.00 but such a frustrating share to hold. A great company IMO with good assets but games get played with it from time to time.

MB

 

[Sean K]

Re: PDN - Paladin Resources

Why do you say it will be a miracle Kennas.......because of the resistance there and the down trendline coinciding?

Yes MB, see the 3 year chart above and the previous support along $4.00. HUGE. That is now a hurdle, which happens to be around the downtrend line as well. There will probably be some technical shorting around those levels. Having sad that, you can now comfortably go long at $3.99. LOL

 

[Sean K]

Re: PDN - Paladin Resources

Just crissed the $4.00 mark and I expect more consolidation here, or it's going to be unleashed!

Not sure what will keep it going....

POU has some room to move up perhaps. All the talk is of demand over supply in the equation.....

General market keeps running...

Takeover spec by a major......

QLD Gov wins some IQ.....

Whatever, imo will be very bullish longer term if $4.00 is cracked!!!

 

[shag]

Re: PDN - Paladin Resources

yes it has a nice uptrend from my sqiz at the graph.
they sure love that new plant oening up.
i guess its a reasonably solid earner, with upgrades and other future prospects.

 

[Sean K]

Re: PDN - Paladin Resources

Could have put this article anywhere but since I own PDN it can go here. :

Does actually mention them down the bottom along with ERA and EXT.

Also read something about some extra nuke plants on the drawing board in China adding more to the supply/demand basis of support for POU.


China ¿s CNNC held talks with Australian Uranium
Elisabeth Behrmann | April 22, 2009
Article from: Dow Jones Newswires

CHINA National Nuclear Corp has held preliminary talks with Australia uranium miners.

“We have contacted counterparts in Australia, and have held preliminary talks,” CNNC vice president Jiangang Qin told Dow Jones Newswires at the World Nuclear Fuel Cycle 2009 conference

“But we need to verify the feasibility of certain projects before making any more details public.

“We want to focus on our own production but we’d also like to make investments similar to Japan, to plug any shortage in Chinese uranium supply.”

CNNC, the country’s body governing all supply of nuclear fuel for power generation, already has acquired an exploration interest in Niger.

Talk of China seeking large-scale investment in Australia’s uranium miners has intensified in recent weeks.

One Sydney-based investment banker said contact from Chinese companies had increased exponentially over the past two months, with inquiries focusing on the coal and uranium sector.

China is particularly interested in companies already in production, such as Paladin Resources and Energy Resources Australia but also smaller miners at the exploration stage such as Extract Resources.

 

[big sal]

Re: PDN - Paladin Resources

another nice move up for PDN today to finish around $4.40

and what a day for uranium stocks in general, some of them up by big %'s:

up: TOE, NTU, EXT, DYL, WHE, AGS, BLR
down: EME
no change: ACB, FTE