Australian (ASX) Stock Market Forum

PDN - Paladin Energy

Re: PDN - Paladin Resources

Possibly as a response to the change in general manager?

I'm considering these as they are close to their 52week low and i see no reason for them to do anything but succeed.
 
Re: PDN - Paladin Resources

and went down again sharply today triggering some of my emergency exit!
Anyone knowing a specific reason for the fall?

Namibia govt doing some nationalization shenanigans: Very bad for PDN's flagship Langer Heinrich mine.
Currently seeking clarification with govt.

Ditto with EXT.
 
Re: PDN - Paladin Resources

Namibia govt doing some nationalization shenanigans: Very bad for PDN's flagship Langer Heinrich mine.
Currently seeking clarification with govt.

Ditto with EXT.

Yeap was the reason and still muddy for the time being
Thanks SkyQuake
 
Re: PDN - Paladin Resources

The Namibian government has come out with a release saying that current licenses will not be affected by recent announcements that sounded like they would be nationalising resources.

Good news for PDN. Also much like the Gulf Oil spill with BP; I don't think it will be too long before Uranium isn't a dirty word anymore and we see a bit more interest in stocks like PDN and EXT.

Unless the US falls over that is.. :eek:
 
Re: PDN - Paladin Resources

I think you're right robz7777,
as a former shareholder, the time is soon that I will return to PDN and EXT.

Factor in also as you say, (past) peak oil, and baseline power options become limited.

Given that a combined earthquake and tsunami in Japan failed to bring on the mushroom cloud catastrophe some may have expected (and buliding reactors on top of a known fault line made it risky from the start), the realization that nuclear must be part of a carbon reduced future will begin to dawn.
 
Re: PDN - Paladin Resources

Another one which has been taking a hammering in the past month or so. Market shot it down to $2.22. Anyone here taking positions now?
 
Re: PDN - Paladin Resources

Another one which has been taking a hammering in the past month or so. Market shot it down to $2.22. Anyone here taking positions now?

I actually sold off during the recent highs taking a nice profit. I am thinking about coming back, but the thing is there are a lot of good picks after last week, and I'm being driven elsewhere.

I would say PDN is a good bet if you're willing to go long, but not the best short to medium term buy.
 
Re: PDN - Paladin Resources

Good announcement today.

$2, must be pretty undervalued at the moment!

Not sure if ill get in or not.. I think its better to watch from the sidelines in these volatile times..
 
Re: PDN - Paladin Resources

Do you guys think this company has much lower to go?.... It is at a 3 year low

Of course it can!! Whether it recovers is another question.

Interesting to note however is that if the forecast dividend remains in place we will see a yield of over 6% (based on current price levels) in 2012..
 
Re: PDN - Paladin Resources

I've pretty much stopped paying attention to this for the time being. There is nothing in my view that will drive a strong SP recovery until something quite major happens either in the company or a worldwide economic recovery.

I thought this stock would bottom out many times on it's way down. Thankfully the only time I did buy it was very short term and I made a profit, but since then I've been too hesitant and have simply become uninterested.

At least for the time being.
 
Re: PDN - Paladin Resources

I've pretty much stopped paying attention to this for the time being. There is nothing in my view that will drive a strong SP recovery until something quite major happens either in the company or a worldwide economic recovery.

I thought this stock would bottom out many times on it's way down. Thankfully the only time I did buy it was very short term and I made a profit, but since then I've been too hesitant and have simply become uninterested.

At least for the time being.

Got rid of it at $1.91. Had the same view as you. Chopped my hand off just to save the rest of my body... PRR on the other hand...
 
Re: PDN - Paladin Resources

I think people are being very short sighted with this stock. Does anybody here really believe that the world is going to reduce its consumption of uranium in the future? There are only two ways one can believe this:
  • One has ones head in a cloud and believes that renewable energies have the power density required to support industrial societies
  • One believes the world is going to hell in a hand-basket, and hence the long term trend of increasing energy consumption rates is going to end, and plummet instead
If you think the first, well whatever. If you think the second, you should probably be researching survivalism.
Too many people reading into the squiggle.
 
Re: PDN - Paladin Resources

I have a pretty short-term perspective, yes. Long-term I would agree PDN is reasonably good. This is however not a good reason to hold during a downtrend.
 
Re: PDN - Paladin Resources

I have a pretty short-term perspective, yes. Long-term I would agree PDN is reasonably good. This is however not a good reason to hold during a downtrend.

It would be the best time to hold in my opinion, purely based on technicals. The stock is currently at a long term support level and we may very well see, at least in the short term, a nice bounce.

On first glance the stock seem fundamentaly sound, however that is on first glance. I may keep my eye on this one.
 
Re: PDN - Paladin Resources

Has anyone learnt anything over the past 3 years?.

Yep, must be a bargain now.

Good time to draw down on that finance facility while we head into a depression.
 
Re: PDN - Paladin Resources

It would be the best time to hold in my opinion, purely based on technicals. The stock is currently at a long term support level and we may very well see, at least in the short term, a nice bounce.

On first glance the stock seem fundamentaly sound, however that is on first glance. I may keep my eye on this one.

And their profits for the last 3 years were...?

They struggled to make money when uranium price was sky high and before Fukushima... what needs to change for them to become profitable?
 
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