PDN - Paladin Energy

[finicky]

From Market Matters afternoon report

Paladin (PDN) $9.91

PDN –5.8%: Hit today as a result of target company Fission in Canada having issues with traditional landowners as they look to get approval for their Patterson Lake (PLS) uranium mine. When we spoke to PDN CEO Ian Purdy when this deal was announced, he spoke very favourably about the relationship Fission has with the Metis Nation-Saskatchewan (MN-S), however this seems to have soured. Without going too much into the detail, MN-S claims no engagement by Fission, however prior public statements from Fission contradict this. Some are suggesting that in some ways this may actually be helpful for Paladin with Fission shareholders further incentivised to accept the Paladin offer, with PDN needing 2/3 of Fission shareholders to vote in favour, however, the prospect of PDN buying a company in dispute with traditional land owners doesn’t sound that appealing to MM, and we would be hopeful that a cleaner outcome is achieved, and if not, PDN show discipline and walk away.

Not Held

 

[dyna]

S.P. closed at $10.10
Most of the volume goes through after the 4 pm close when the serious money arrives .
Trading sideways now for 2 weeks .
Might have to cough up the ten bucks if this carries on much longer.
Watching..... and dithering ... ( as usual )

 

[brerwallabi]

Basically back to where I started with Paladin enjoyed the ride up and held on the way down.
Thought it had hit bottom and a trend up had started.
It seems to be quite a nervous time for holders of uranium stocks with uranium predicted to return to over $100lb I will continue to hold.

 

[dyna]

Movement at last . Not much , but it's a start . S.P. at $ 9.78 at lunch time on pitiful volumes except for a 1.5 million portfolio crossing in one big whoosh . That will get the after-market crowd going at closing time , I guess .

 

[dyna]

S.P. was steady at $ 9.83 in the closing minutes of sharemarket trading then immediately dropped 1 % to $ 9.73 for the 1/2 hr or so of the after- market business . One final trade crossed almost an hour after 4 pm !
You don't see that very often .

 

[dyna]

Movement at last . Not much , but it's a start . S.P. at $ 9.78 at lunch time on pitiful volumes except for a 1.5 million portfolio crossing in one big whoosh . That will get the after-market crowd going at closing time , I guess .

She gapped up to eleven bucks today and closed + 12 % to $ 10.88 .
So , our clever-dick buyer of 1.5 million PDN at $ 9.79 on Friday is in front by........Jeebus .... a cool $ 1,635,000 ( less basis points for brokerage ) on some other " Pro's " click of the mouse . They are called pro's aren't they ? ( Makes me fell less hopeless at timing , anyway )

 

[brerwallabi]

PDN issues with Fission continue on as the meeting for Fission shareholders to vote on the arrangement with Paladin has been pushed back to Sept 9th.
When Paladin announced they were to acquire Fission it wasn’t really greeted with enthusiasm by the market.
Paladin shares have declined in price since although this could also be associated with the fall of the uranium price.
The majority of uranium stocks have also declined too, however it might be better for our price if we walk away from this deal.

 

[Logique2]

$9.79 ; -0.6% YTD
What a year. A big run up to $16, then fell over.
Can't say it any better than @brerwallabi in #1,627 above.

Energy hey. My lithium and uranium picks -both getting clobbered!

 

[finicky]

Market Matters afternoon report.

• Uranium stocks continued to slide, Paladin (PDN) -7.1%, Deep Yellow (DYL) -8.8% and Boss Energy (BOE) -5.5%

Not Held

 

[dyna]

State Street sold 5 million PDN , at end of last month , still holding 25 million / 8.4 % ( was 10 % )

 

[brerwallabi]

Paladin just get over the line with the Fission acquisition as votes cast by Fission shareholders were 67.9% in favour of the transaction.
It just exceeded the threshold required of 66 and 2/3%.
Paladin has recovered from $8.37 pre announcement to $9.67 at time of posting, however I note other uranium stocks have also recovered substantially and I don’t know why.

 

[finicky]

Michael Gable at 23.50 on Paladin Energy

 

[Logique2]

"Why Dimerix, Paladin Energy, Pilbara Minerals, and Resolute Mining shares are storming higher today
These shares are catching the eye with strong gains on Thursday. But why?"

Why Dimerix, Paladin Energy, Pilbara Minerals, and Resolute Mining shares are storming higher today

Paladin Energy Ltd (ASX: PDN) and Pilbara Minerals Ltd (ASX: PLS) are two of four ASX shares rising on Thursday...

www.fool.com.au

By: James Mickleboro
Published 12 September 2024

 

[Sean K]

PDN didn't know that China owns 11% of Fission?? Huh?

 

[finicky]

Market Matters afternoon report:

• Uranium stocks were strong, keying off a very good night overseas where Cameco (CCJ US) rallied ~8% to new all-time highs, Paladin (PDN) +10.99%, Boss (BOE) +6.73% & Deep Yellow (DYL) +7.32% were standouts.

Not Held

 

[finicky]

Market Matters morning report

Uranium stocks soar on Thursday; are they still a buy?​

In the energy sector, uranium companies soared on Thursday after Amazon became the latest tech giant to embrace nuclear energy to power its data centres; it was always a matter of time for MM, and the following recent announcements have confirmed our expectations:

• Last month, Microsoft signed a deal with U.S. energy firm Constellation to resurrect a defunct reactor at Pennsylvania’s notorious Three Mile Island nuclear power plant, signing a 20 year deal to buy 100% of the power.
• On Tuesday, Google said it would buy power from the nuclear energy company Kairos Power, as tech companies increasingly turn to nuclear energy to meet data centres’ growing power demands.
• On Wednesday, Amazon subsidiary AWS said it had signed an agreement with a Virginia utility company to explore the development of small nuclear reactors, following similar announcements from Google earlier in the week.

Paladin Energy Ltd (PDN) $13.03​

PDN soared 11% on Thursday, and it’s playing catch up after its aggressive pullback from June highs. It’s been a rocky ride through 2024, especially with the uncertainty around its proposed purchase of Fission Energy, but we remain bullish on U and PDN. As we’ve discussed before, the combination of Langer Heinrich with Patterson Lake South has the potential to transform PDN into a 15Mlb/yr uranium producer generating over US$1b of EBITDA per annum, which could lead to a significant bullish rating when compared to CCJ’s current valuation.

• We are initially looking for PDN to trade 15-20% higher – MM holds PDN in our Active Growth and Emerging Companies Portfolios.

Not Held

 

[brerwallabi]

Uranium stocks are they buy?

I continue to hold PDN, the uranium price has ticked up a couple of dollars not enough I thought to warrant the jump last week and today.
Predictions are of uranium circa $120lb I will hold till then and reevaluate.
I think a lot of excitement came off uranium stocks especially with the drop in price from $100 to $80.
The demand will come and positioning in uranium now will reap rewards.
A good day overall again today for many uranium stocks PDN closed at $13.01 up 52 cents its highest price since mid July.

 

[Sean K]

PDN smashed on their Q3. Musn't be ramping up as expected.

 

[peter2]

IMHO this selloff is an over-reaction to what the company have described as short term problems.
I've bought this dip @9.72 conservatively, adding to an existing position.

 

[finicky]

^^^
Market Matters afternoon report

• Paladin Energy (PDN) -15.29% was whacked on a soft quarterly and uncertainty around the acquisition of Fission – more on this below. Only consolation being it was down 22% at the low ($9.52) before closing $10.36.