PDN - Paladin Energy

[Chief Wigam]

If anyone has been Uranium Market minute on youtube, you'll know they have released their newsletter a couple of days ago stating we have reached an inflection point with Uranium stocks. We've had a period of relative underperformance over the past coupe of months and now they look like they are break outing finally. Mostly the producers are breaking out with some explorers also but other explorers about to do so.

 

[Miner]

If anyone has been Uranium Market minute on youtube, you'll know they have released their newsletter a couple of days ago stating we have reached an inflection point with Uranium stocks. We've had a period of relative underperformance over the past coupe of months and now they look like they are break outing finally. Mostly the producers are breaking out with some explorers also but other explorers about to do so.

Almost all uranium producers and explorers are retesting north peak points.

 

[Sean K]

Almost all uranium producers and explorers are retesting north peak points.

Surprised they're off a bit today. I thought the confirmation of the break up would have given them a ?

 

[sptrawler]

Uranium market slumped like King to Pauper story.
PDN shares slumped. (DELETED VMY REFERENCE )
Even PDN directors are selling out massively in double.
The sell price was 84.1 cents by the directors and today PDN is quoted at 77 cents.
Where is the leadership to stop trading than going through the drain.

At least we now know why the directors were selling at 84c, as @Sean K posted a good old capital raising at 72c, nothing like making an easy win.

$200m seems a lot for a restart. Must have a lot of new washers and seals to replace.

It's all happening in the uranium space with raisings, re-starts and M&A triggered by the increase in POU.


View attachment 139732

 

[sptrawler]

Massive scale back on the SPP, $15m to be raised $105m applied for, it is so much easier just buying on market.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02517319-6A1090077?access_token=83ff96335c2d45a094df02a206a39ff4

 

[Sean K]

I thought they had already announced this?

 

[bluekelah]

Uranium fever is about to come this winter as Europe gets hungry for everything from Natural gas to uranium. Good times for uranium and NG on the way.

 

[peter2]

The uranium sector didn't get much love in 2022. There were a few small rallies as SPROTT tried to rally the market. Today's bullishness in the commodity sector tempted me to buy some . There was no compelling chart pattern. Call it a hunch, perhaps even a gamble. I've a tight stop loss in case I'm wrong. The chart indicates that there's a good zone to consider buying at 0.50 - 0.60. That's a bit lower than today's close (0.68).

 

[Miner]

The uranium sector didn't get much love in 2022. There were a few small rallies as SPROTT tried to rally the market. Today's bullishness in the commodity sector tempted me to buy some . There was no compelling chart pattern. Call it a hunch, perhaps even a gamble. I've a tight stop loss in case I'm wrong. The chart indicates that there's a good zone to consider buying at 0.50 - 0.60. That's a bit lower than today's close (0.68).

View attachment 151324

Hi Pete @peter2 - did I read correctly that a super expert like you even work on hunch when chart says otherwise ? I know nothing on chart but curious to know if your hunch is driven by a nuke attack on Ukraine by Russia, instability on US politics on the election of Speaker and a nuke attack on Japan by North Korea ? Charts only work on past data.
BTW in one of the big resource companies uranium project we modelled the engineering and process in accordance with LH plant. It was then considered one of the best plants . It was 2007 . Unfortunately the backwards WA Gov mentality and public's ill-informed assumptions on uranium have remained unchanged since 2007. So returning to PDN, it is technically a sound operation..
DNH PDN.

 

[sptrawler]

Citi’s equities desk was seeking buyers for a $91.2 million stake in Paladin Energy on Thursday night.

The broker was offering the 112.6 million shares at 81¢ each, according to terms sent to potential buyers.

The stock represented a 3.8 per cent stake in Paladin and had been owned by Ndovu Capital.

The trade was at a 5.8 per cent discount to the last close.

Ndovu Capital agreed to have its remaining interest locked up for 60 days. The investor retained 149 million shares or 4.99 per cent of the company, the term sheet said.

 

[Sean K]

Good rumour.

 

[peter2]

PDN falls 20% before trading halt this morning. Unverified rumours that Namibia is considering nationalising mining and oil activities.

Sovereign risk is becoming a larger concern for traders and investors. (As is fake news spread through social media)

 

[Miner]

PDN falls 20% before trading halt this morning. Unverified rumours that Namibia is considering nationalising mining and oil activities.

Sovereign risk is becoming a larger concern for traders and investors. (As is fake news spread through social media)

Thanks Pete. I was looking for signals of the fall .
If Namibia calls the shots, mean Hay days for competitors.

 

[Sean K]

Surely not.

But, maybe.

Namibia considers.....

Namibia is considering taking minority stakes in mining and petroleum production companies amid increasing concerns over local ownership of valuable resources.

“We are making a case that local ownership must start with the state, which holds ownership of our natural resources,” Mines and Energy Minister Tom Alweendo told lawmakers on Monday. “The proposed state ownership should take the form where the state owns a minimum equity percentage in all mining companies and petroleum production, for which it does not have to pay,” he said.

Namibia is one of Africa’s biggest producers of diamonds and largest of uranium. In February, Impact Oil & Gas Ltd. said it will start a multiwell drilling program in the country with TotalEnergies SE, which discovered oil offshore last year.

Australian uranium company Paladin Energy Ltd. plunged as much as 23% to its lowest since August 2021. The company gets all of its revenue from Namibia, according to Bloomberg-compiled data.

The arid southwest African nation joins others such as Zimbabwe, Brazil, Chile, Indonesia, Philippines and Peru that are pushing for more value from their minerals or considering increased state intervention, partly due to higher commodity prices.

The country is also contemplating creating a minerals exploration fund, which could be financed by a portion of the royalties paid by mining and petroleum companies to the state, Alweendo said. The fund will be used to support local entrepreneurs who want to invest in the mining sector, he said.

 

[rcw1]

Good morning
Paladin Energy has responded today, (31/05/23) according to News Corp Media, confirming it is not aware of any imminent proposed Namibian legislative changes that would affect the ownership of its 75 per cent-owned Langer Heinrich mine.

Paladin further said the restart of the Langer Heinrich mine is on target for first production in the first quarter of next year.

Not Holding.

Have a very nice day and go the Maroons

Kind regards
rcw1

 

[Gringotts Bank]

Sounds like market manipulation. Start a rumour, get some brokers to short the crap out of it, cover then buy and away you go. Musk was fined heavily for saying he'd take Tesla private (as a 'joke').

 

[sptrawler]

The penny has dropped that energy security and nuclear power are inextricably linked, if the world is to decarbonise power generation.
So IMO PDN is ready for take off.

Australian uranium miners avoid nuclear fallout in Namibia

Paladin Energy has fully clawed back its nearly $400 million share price wipeout after Namibia clarified it did not intend to nationalise any existing mines.

www.afr.com

An ASX-listed uranium miner in Namibia has clawed back its near $400 million valuation wipeout this week after the African nation’s resources minister clarified that he did not intend to nationalise any existing mines.

Namibia is a major uranium producer at mines such as Rossing, Husab and Langer Heinrich, but the sector was rocked when reports surfaced on Tuesday that mines and energy minister Tom Alweendo was advocating for greater government control.

 

[Logique2]

Required to comment, as PDN is one of my picks on the ASF Full Year 2024 Stock Picking thread.

Long term technical strength, in a near term pause.
Uranium power has political momemtum worldwide.
Debt to Equity is just 22%.
As reported by poster Rcw1 above, PDN say the Langer Heinrich
mine is on target for production in the first quarter 2024.

 

[brerwallabi]

Going to go with PDN too in the comp mainly as Uranium I think will continue its run especially with US demand to increase.
PDN also looks to get its African operation back on stream with production commencing early next year 2024.
Other projects in Canada and Australia will also add value.

 

[brerwallabi]

Something must be brewing/leaking in the PDN camp jumped up 11cents to $1.18.
Highest it’s been for almost 10 years, volume has ticked up too.
The increase in volume the last two days which I haven’t seen for years suggests something eminent.