PDN - Paladin Energy

[Logique2]

It's a wild ride with this one. Never a dull moment.
10.13
+ 0.3% YTD.

Offer me 20 years free electricity, I'm seeing a nuclear power plant in a different light.

 

[finicky]

Paladin worst ASX 200 performer this week.

Market Matters afternoon report

 

[finicky]

From Market Matters investment blog

Not Held

ASX : PDN 29/10/2024

Paladin (PDN) – A rocky restart of the Langer Heinrich uranium mine​

PDN sold off heavily after releasing their September quarter update. The market punished the stock on lower production/sales volumes, higher costs, and some negative language around the proposed Fission acquisition – in our view the extent of the reaction is unjustified.

Key takeaways from the announcement:

• Production volume of 640,000lbs vs. 520,000 the prior quarter… the market was looking for a number closer to 800k/lbs
• Higher costs than expected of $41.90/lb, largely due to lower production volumes
• National security review of the Fission acquisition proceeding. Both entities have made submissions thus far, with limited progress – in PDN’s words ‘there is no certainty of approval’

Paladin outlined the specific operational issues at play – primarily relating to inefficient processing of stockpiled ore. These issues look to be largely one-off which shouldn’t persist in the medium-long term. As for Fission, we see the risk of government rejection of the proposal as mostly priced in. We will continue to hold the stock in our Active Growth Portfolio & Emerging Companies Portfolio and the news today does not impact our view substantially, though we will monitor our position from a portfolio weighting perspective.

• At current prices, we see this as an attractive entry point to the evolving nuclear thematic. With remembering less than 2 weeks ago the stock jumped 10%+ on news tech giants were beginning to commit to long term nuclear energy plans to support AI and cloud computing power requirements.

MM remains long and bullish PDN

 

[brerwallabi]

Bit of a slap on the wrist for Paladin from the ASX.
I still hold they say they remain on the production target.

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02878019-2DEUELAVFG9H008L3T2RP2D24L/pdf?access_token=0007OLOmUQXmZ59fZLOXTTDe3HZM

 

[houtman]

Bit of a slap on the wrist for Paladin from the ASX.
I still hold they say they remain on the production target.

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02878019-2DEUELAVFG9H008L3T2RP2D24L/pdf?access_token=0007OLOmUQXmZ59fZLOXTTDe3HZM

Where do you see their price received/lb @brerwallabi ?
I didn’t see the production miss as that big of a deal, almost expected at this stage, but price received seems murky.

 

[brerwallabi]

They have various contracts with some fixed price, base escalated and market related pricing mechanisms with exposure to the uranium spot price.
The recent shipment they did not disclose price per pound only that they received part payment I think it was in the region of $25million.

 

[Sean K]

From Market Matters investment blog

Not Held

ASX : PDN 29/10/2024

Paladin (PDN) – A rocky restart of the Langer Heinrich uranium mine​

PDN sold off heavily after releasing their September quarter update. The market punished the stock on lower production/sales volumes, higher costs, and some negative language around the proposed Fission acquisition – in our view the extent of the reaction is unjustified.

Key takeaways from the announcement:

• Production volume of 640,000lbs vs. 520,000 the prior quarter… the market was looking for a number closer to 800k/lbs
• Higher costs than expected of $41.90/lb, largely due to lower production volumes
• National security review of the Fission acquisition proceeding. Both entities have made submissions thus far, with limited progress – in PDN’s words ‘there is no certainty of approval’

Paladin outlined the specific operational issues at play – primarily relating to inefficient processing of stockpiled ore. These issues look to be largely one-off which shouldn’t persist in the medium-long term. As for Fission, we see the risk of government rejection of the proposal as mostly priced in. We will continue to hold the stock in our Active Growth Portfolio & Emerging Companies Portfolio and the news today does not impact our view substantially, though we will monitor our position from a portfolio weighting perspective.

• At current prices, we see this as an attractive entry point to the evolving nuclear thematic. With remembering less than 2 weeks ago the stock jumped 10%+ on news tech giants were beginning to commit to long term nuclear energy plans to support AI and cloud computing power requirements.

MM remains long and bullish PDN

October also lower than projected.

FY production guidance lowered to 3.0-3.6Mlb, and withdrawn all other guidance! Yikes.

A very rocky restart.

You would have thought, since they'd operated it for a while that they could just put some fresh seals in and be back going at the same rate before being mothballed. Unless they've got a whole new bunch of people on the tools who don't know the deposit or the mill.

Expect another dip I guess, unless it's baked in.

Been a bit rocky for most U players the past six months. POU creaming them.

 

[Sean K]

Crikey! Smashed 30% with a little buying at the bottom.

Must question management's ability to get this on track.

 

[qldfrog]

Crikey! Smashed 30% with a little buying at the bottom.

Must question management's ability to get this on track.

View attachment 187767

My SL triggered and watch a rocket mounted cat zooming..down..past

 

[dyna]

Crickey, alright ! Nearly 20 million of the buggers went through so far , today . That's Instos dumping like there's no hope left , for this lot !

This mug punter is back in again . Got ten grand worth just now at $ 6.85 . Hey , the S. P. 's just got legs again....$ 6.90 now.
( The world is chock-a - block full of mugs ! )

Could be a long , long wait , though for PDN to come good .

 

[brerwallabi]

Ouch did not see this coming, it could be a noticeable dent in this financial year for me, hopefully the worst is over

 

[qldfrog]

Ouch did not see this coming, it could be a noticeable dent in this financial year for me, hopefully the worst is over

Same here, my stop loss around $9 was zapped past, managed to sell at 7.32 but had a 4.2k loss on shares i bought less than a month ago.BOE fell in sympathy.
Thankfully, BTC making great move to compensate this..so far

 

[dyna]

S. P. ended the day at $ 7.47 , up 9 % on another big volume day of 16 million ( PDN did 20 mill in the big dump yesterday )
After - market crossers carried on like mad galahs for nearly another hour after the 4 pm close .
Pro's at work here , folks . Mums and dads have all headed for the hills . One Big Swingin' D traded a million bucks worth in a single line at 4.12 pm . Expect more of this to come . Good money to be had here , but I kinda lost my nerve , now .
" Chase the momentum " that's what the good books all tell you ,....but try doing it ! ( If one can't be brave then , next best thing is to : spread your risk . You just cannot go bust doing that , I swear ! )

 

[finicky]

Still has believers

Market Matters:
Paladin (PDN) +8.6% topped the leader board having been anchored to the bottom yesterday