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PDN - Paladin Energy

Discussion in 'Stocks I-P' started by tech/a, Jan 11, 2005.

  1. big sal

    big sal

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    Re: PDN - Paladin Resources

    attached is another article 'Uranium in a hot spot' from friday's financial review (24 april) which is worth a read, also mentions PDN
     

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  2. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    PDN has been absolute champion the past 5 months. Thanks PDN! Now, play fair and hold above this breakout line across and through $4.00. Maybe that upward resistance channel line was some support also. On the sum of it, you'd have to call this quite a significant breakthrough when you look at the long term charts.

    Obviously general market tumble or nuclear black swan incident will crump them.
     

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  3. shag

    shag

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    Re: PDN - Paladin Resources

    fat profits had a yarn about the pdn animal thy've had for some time.
    say a bit about the u differential, supply and demand. we know that anyway.
    say a lowered production estimate
    but says positive stuff on african jobbies turfing the product out...
    says even sweeden have gone green in the respect of law changes re nuc's for power.
    note chindia, states in demand. but really its all cr..p we know. like who couldnt tell it was an earner at 1.70 and above.
    they r a bit hesitant technically shortterm, but they rarely seem to get things correct in a bear market.
    i'm supprised they didnt slap a big buy or 'traffic light' on it.

    i dont hold now sadly as i've slapped all my dosh, plus my bros dosh on other punts, and hes not too happy about it...

    standard disclaimer..i don't read reports too flash. about as good as my spelling.
     
  4. Out Too Soon

    Out Too Soon My real name is King Julian ;)

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    Re: PDN - Paladin Resources

    I don't believe much TA skill is required with this one. How long will this pattern repeat?:)
    pdn_ax02mar09_to_07may09.png
    Or have I jumped in to late, is the cycle over?:rolleyes:
     
  5. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    I think it's probably run pretty far, but I'm still holding. Waiting for a decent pull back to pick up some more maybe, depending on the overall market. It's been a great 6 months, like for many stocks since the Nov lows.

    It's trading at significant multiples isn't it? I think a lot of the forward development is factored in, and maybe even QLD being developed. Not sure about the Angela Pamela project though. This could be a left wing surprise if Comeco have some good hits. Already a significant resource there and with Comeco running with it, they have the resurces and clout to fast track any development. Could be a great bonus for PDN and get rid of some 'country risk' perception of them just being an African play. Surprised we didn't see some significant shareholder notices come out after the fall to $2.00.Wha an opprtunity for a major to scrape them up off the floor...


    More big uranium moves
    Robin Bromby | May 08, 2009
    Article from: The Australian

    SOME people in Alice Springs are very upset at the news that drilling for uranium has just begun 25km out of town, and have been protesting to make their views known.

    Hard cheese for them (and their counterparts who have fought uranium exploration near the Grand Canyon in the US). Work is going ahead in both cases.

    The global Canadian uranium player Cameco (which, incidentally, is based in Saskatoon, Saskatchewan) has begun drilling at the Angela prospect and expects to come up with some uranium hits in very short order

    This news is significant for two reasons. One is that it is further evidence of Cameco’s interest in Australia. The other is that the non-operator partner is Paladin Energy and underlines the potential that latter company presents as an even more influential player in the uranium world.
     
  6. octeacher

    octeacher

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    Re: PDN - Paladin Resources

    still good buy price?
    no carbon footprints!
    listed in the recent edition on money mag as a buy op due to the changing attitudes towards n power.
    late ann made today.
    any thoughts on this?
     
  7. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    No more thoughts on those issues, all been done.

    A nice little ascending triangle appearing in a strong upward move. If I didn't think the market was toppy, it'd be a high probability set up. :2twocents
     

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  8. explod

    explod explod

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    Re: PDN - Paladin Resources


    And the ascension has occured.

    A very nice uptrend since late last year. Pleased to have climbed on about a month ago. Some are saying uranium will become a very needed and scarce resource down the track. One suggest US$500 an ounce...whew. Whatever a solid trending stock is always great to be on.

    cheers explod
     
  9. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    Yeah looks so, a probable target the width of the triangley thing.

    Market's still looking toppy though. Has been for weeks. :banghead:

    This has been an exceptional pickup off the lows. :)

    What a trading opportunity!
     
  10. Go Nuke

    Go Nuke

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    Re: PDN - Paladin Resources

    What another great run by PDN today.

    Some really big buy orders went through at $4.98 just before. Almost got to $5!!:D

    Guess the new mine needs to be factored into PDN's share price. They also have their hands in alot of pies around Aus.....not to mention that small rumour of either t/o someone else or possibly be taken over themselves.

    All good stuff
     
  11. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    The long term breakout at 4 bucks was a good entry, if so inclined.

    The most recent breakout has held and she's moving with the tide.

    Market is confounding me. Looks really overbought, but continues to hold. Can only assume all the money on the side has been put back in, but which money? Is the smart money already in and now the sheep are following holding the momentum up. Or what?
     

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  12. Boggo

    Boggo

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    Re: PDN - Paladin Resources

    Giday kennas.
    Because a lot of these stocks such as PDN, CVN etc are coming from such a low they can appear over bought on a daily chart, I am monitoring the weekly charts too for a better picture.

    Compare the daily and weekly charts of CVN as an example.

    Just my :2twocents

    PS. I hold both CVN and PDN
     
  13. Go Nuke

    Go Nuke

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    Re: PDN - Paladin Resources

    Thats a very good point Boggo.

    Averages recently crossing over for the first time in 5 yrs!:>

    Plenty of room to grow in the Uranium industry.
    I saw the old Telstra CEO on tv this morning still flogging Uranium as the next fuel source in OZ.
     

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  14. explod

    explod explod

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    Re: PDN - Paladin Resources

    For the longer term this is one of my favourite stocks. Got in a while back round $4.36 but the recent moves of the Dow worry me. Could be why it has stalled a bit towards a sideways movement. If the Dow drops off the perch it will as before take most with it, so opted out of this last week and will watch what pans out. However I agree with the above that it is on value still in oversold territory.

    On the five year weekly the action around this level back in 06 was considerable so the resistance here may just need some time to play out but a break above $5.50 would be significant. Just dont' see it happenning for awhile.
     
  15. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    Still running away. Would have been a nice pick up at the lows, but heck, can't complain with the trajectory. I was really expecting more consolidaion around $4.00 earlier, but it's just been unrelenting. $5.50 isn't really that far away now explod, but I'd say $6.00 ish is a bigger hurdle. This looks very impulsive to me. I wonder if an EW er would call this a W1 or a 3 of a larger move. Must consolidate further at some point..:confused:
     

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  16. billhill

    billhill

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    Re: PDN - Paladin Resources

    Just noticed the extreme volume on friday for this one. I would have to say after a very strong run up that friday looks like major dumping into strength, something like a blow off high but the range is not paticularly impressive. I wouldn't expect much more upside and in fact will continue to watch this for a short position should the overall market also roll over.
     

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  17. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    That's really unusual volume. I notice the stock fell from $5.20 ish to $5.03 in the last 30 mins of trade. Is this whenthe volume kicked in? Or was it off market activity? I haven't got course of sales.
     
  18. billhill

    billhill

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    Re: PDN - Paladin Resources

    I just checked the intraday chart and there was alot volume in the last half hour. However according to the chart below the majority of the volume was off market after 4:00. Any clues as to what off market trades this size could mean. I've not seen anything like this before so don't have a clue.
     

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  19. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    AOE was the same. Someone on HC claimed it was options expiry at the end of the month so there was a lot of shifting of shares between institutions. I thought that was supposed to happen in the morning on the last Thursday. Whatever, doesn't look too dramatic for the company as far as support goes if it was just instos swapping shares, for whatever reason.
     
  20. darkside

    darkside

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    Re: PDN - Paladin Resources

    I bought in at $2.53, but had the intention of just staying for the long haul, clearly i am not the "warren Buffet" of investing because i thought this would be a good long term stock? Without giving advice and breaching ASF rules what would someone do in my position, should i hang in there or is this not really a long term stock just after different opinions. Thanks all.
     
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