PDN - Paladin Energy

[dyna]

State Street's been bottom fishing for Santa Claus . Now holding 37 million PDN shares ( 12 % ) as at Xmas eve .
Still sideways on the chart for a month , now . S. P . holding steady for all that time at the $ 7.80 mark .
Now listed on the Toronto stock exchange , too .

 

[frugal.rock]

Current picture.
PDN top of the pops.
#1

 

[Bellcose]

SPDR reduced voting power from 12.29% to 9.51% despite increasing the number of shares held. Appears a lot of the transactions involve securities lending on behalf of the registered holders.

 

[debtfree]

Following up on @Logique2 missing post for NOV & DEC in the 2024 Yearly Comp.

10:1 Consolidation of shares in April naturally change the price of PDN.
November was a rough month and December hasn't gone anywhere. Latest price is 7.68, so overall PDN is down a little over 20% this year.

 

[brerwallabi]

Following up on @Logique2 missing post for NOV & DEC in the 2024 Yearly Comp.

10:1 Consolidation of shares in April naturally change the price of PDN.
November was a rough month and December hasn't gone anywhere. Latest price is 7.68, so overall PDN is down a little over 20% this year.

Appreciate your reminder that PDN is down 20% this year, I continue to hold.
I thought this year would be a very good year for uranium stocks, it started off so well then half way through the year a lot of uranium stocks fell over as the spot price declined
With a triple digit price certainly on the cards I can see a recovery coming in PDN.

 

[qldfrog]

Appreciate your reminder that PDN is down 20% this year, I continue to hold.
I thought this year would be a very good year for uranium stocks, it started off so well then half way through the year a lot of uranium stocks fell over as the spot price declined
With a triple digit price certainly on the cards I can see a recovery coming in PDN.

My position on uranium:
" I want to believe"..so my positions...
But reality hurts..

 

[dyna]

Still sideways on the chart for a month , now . S. P . holding steady for all that time at the $ 7.80 mark .

Seems to be out of the doldrums now , on good volume , too . 8 million PDN traded today . S.P. up 10 % to $ 9.19 .

Do yourself a favour and check out the Captain's chart today on his post # 2001 .

Quarterlies and Cash flows out today . ( See below ) Worth a read. looking good , Alles in Ordnung , I think .

 

[finicky]

Market Matters afternoon report:

• President Trump announced ‘Stargate’, a project backed by the likes of OpenAI and Oracle who will invest ~$US500bn in AI infrastructure over 5 years – the read through for energy demand lighting a rocket under uranium producers.
• Boss Energy (BOE) +14.2%, Deep Yellow (DYL) +7.9% and Paladin Energy (PDN) +10.1% all higher.

 

[finicky]

Market Matters again:

Paladin Energy (PDN) $9.19​

PDN +10.06%: Today released its December Quarter ‘24 operations update, well received by the market as lower production estimates in analyst numbers were clearly overdone.
Key highlights:

• Uranium production of 638klb
• Ore recovery averaging ~88% in December, 309klb produced in the month
• No ongoing water deliverability issues
• Cash-flow positive quarter of US$43.3m

Alongside the production numbers, we had news out of the U.S that President Trump’s administration and tech majors OpenAI, Softbank and Oracle would spend circa. US$500bn on AI infrastructure which likely includes nuclear energy infrastructure.
As we’ve written about on numerous occasions, AI and data centres are increasingly correlated with nuclear energy given the immense power requirements – the market is expecting this to feed straight through to uranium demand. All Aussie uranium boats are rising today, but we like Paladin given its exposure to the spot market and now more diversified operations after the Fission acquisition.

 

[frugal.rock]

Do yourself a favour and check out the Captain's chart today

 

[rcw1]

Good morning
What are analysts saying about stocks?

Paladin Energy raised to Buy: UBS
Paladin Energy started at Negative: Evans & Partners

Kind regards
rcw1

 

[rcw1]

Good morning
It has been reported through News Corp media outlets today (21/03/25)
Paladin Energy temporarily suspends all operations at its Langer Heinrich mine in Namibia after a “weather event” including “unseasonal heavy rains”.
“The full impact of the weather event and disruption to production will be assessed when conditions have stabilised,” the company tells the ASX.

Watch the SP today ...
Not holding

Kind regards
rcw1

 

[Sean K]

Good morning
It has been reported through News Corp media outlets today (21/03/25)
Paladin Energy temporarily suspends all operations at its Langer Heinrich mine in Namibia after a “weather event” including “unseasonal heavy rains”.
“The full impact of the weather event and disruption to production will be assessed when conditions have stabilised,” the company tells the ASX.

Watch the SP today ...
Not holding

Kind regards
rcw1

This is really unusual. It never rains in Namibia. Greta and Bandt will have an answer to this.

 

[Sean K]

After four paragraphs of excuses:

The disruption to early commencement of mining, together with the short-term impact of the suspension of operations, and the difficulties associated with processing saturated stockpiled ore, has resulted in Paladin withdrawing production guidance for FY2025.

Yikes.

 

[finicky]

From Market Matters <= @galumay please note

Market Matters | Leading Australian Stock Market Views And Advice

Get the latest Australian stock market views from top investors with real money in the markets. ASX investment advice and share recommendations. Find out more.

marketmatters.com.au

Not Held (a selfless public service) <= @galumay

Paladin Energy (PDN) $5.65
PDN –11.58%: Released more detail around the extreme weather event impacting operations at their Langer-Heinrich uranium facility. The rains are now being called a 1-in-50 year event and as a result production guidance for FY25 has been withdrawn.

Access to the site due to damaged roads and saturation of ore stockpiles will have an effect on near-term production whilst the partial flooding of the open pit mine will delay the mine ramp up. Management emphasised flooding is a simple fix via water pumps, though acknowledged it will cause delays to production.

The ramp up of mining operations in the second half of the year was critical to reaching the targeted 6Mlb pa target with the higher grade mined ore to complement the lower grade tailings/stockpiles. FY25 earnings are expected to decline 2%, with the back half of CY25 and FY26 likely to see larger downgrades given that was when ramp up was set to peak.

Whilst the weather isn’t something management can control, we are becoming increasingly cautious toward PDN given these operational issues are almost a quarterly occurrence.

MM is long and cautiously bullish PDN

 

[finicky]

From Market Matters arvo report

Paladin (PDN) +12.1% continued upward momentum helped by a strong uranium spot market overnight, still showing signs of a short squeeze after posting a solid quarterly production update yesterday. Other uranium names weren’t far behind with Boss Energy (BOE) +8.43% and Deep Yellow (DYL) +9.63% stronger.

Not Held