blues said:Might have something to do with this on the news wires.
Paladin Resources down 42 cents, or 5.8%, at A$6.79 with
dealer saying report in Wall Street Journal that US will sell down part of its uranium
stockpiles and hence drive prices lower, is affecting stock. Notes that while PDN has run
to A$7.45 from A$5 in last 2 months, news causing some caution, despite US Energy Dept
first proposing plans in August.
Rival producer ERA (ERA.AU) also off in last 2 hours,
down 5.5% at A$17.48.
Freeballinginawetsuit said:could be another entry just around the corner.
Rafa said:I have a question....
Does anyone know when PDN will be a margin lending enabled stock?
Also, do you think this will have a dramatic effect on the price?
Its also being included in the ASX100 on Dec 15th too...
I bought pdn for the first time a few weeks ago in the mid 6 dollar mark as part of my long term hold portfolio...
You can margin on PDN with BT Online but the LVR is only 35%.Freeballinginawetsuit said:IMO once you can margin on PDN, a few more punters will take positions in them and also a decent percentage of those punters will stay long, should help the SP a bit.
lancer said:Anyone notice the news on PDN? The construction stage commissioning has been completed and has produced the first piece of yellowcake. The first new mine completion in a decade. Hopefully this wont be a sell on fact deal....
Fab said:Does not like it it is goind wild at the moment
kennas said:The market cap of this is a little scarey for me at the moment, although I see plenty of upside in some of it's projects like Bigryli, Valhalla (if the litigation goes ok and Labor grow up), and Kayelekera will be heading into production in the next few years. Looks set to become a major global U player. But $4.5b, with no income is just obscene. Anyone have a forecast profit from the BFS on LH with a $60, and $80 U3O8 spot price?
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