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PDN - Paladin Energy

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

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  1. Moneybags

    Moneybags

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    Re: PDN - Paladin Resources

    Darkside - you have made a 100% gain.......I'd consider that pretty good in this market.

    You have 3 choices......sell all, sell part of or hold. No one can tell you what is right for you.......only you can decide. But if I were you ;) I would sell half for what it cost you to enter and let the rest run ( free carried ).....of course if it tanks then you sell the remainder and keep maximum profit.

    MB
     
  2. darkside

    darkside

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    Re: PDN - Paladin Resources

    Moneybags, cheers for that , i see the logic there, and as i had stated, my whole intent was to keep the shares , but your right selling half of them and just leaving the other half long term is a top idea. I could then use the cash on something a little more bluechip and a longer term proposition..
     
  3. Moneybags

    Moneybags

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    Re: PDN - Paladin Resources

    No worries DS.........another strong day for PDN today.........makes it that bit harder to sell some doesn't it. Hope it works out for ya.

    Personally I'm out of PDN for now as I need the cash for BMN SPP........hoping to pick up a good chunk of those babies. I still consider PDN a blue Chip in U sector and a long term hold.

    MB
     
  4. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    PDN taking a well earned rest after running too hard the past couple of months. Will be interesting to see if the old resistance holds firm. You'd expect so, but with the markets tanking, support pretty quickly evaporates.

    I am still at a loss to Labor's stand on U mining in QLD when the State is broke and selling assets. I mean, it is just plane stupidity. It's gotta give at some point and when it does, it's Mt Isa tenaments should be quickly developed. Might be some time before Labor wake up, but will provide a significant fundamental boost to the company.
     

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  5. reggie_105

    reggie_105

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    Re: PDN - Paladin Resources

    Does anyone know why PDO has been taken off the ASX?

    Cant find any news about this anywhere............................
     
  6. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    Long term breakout continues.

    The previous resistance across $4 and downward resistance respected, would have been a good entry.

    Back challenging near recent highs through $5.00.

    :)
     

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  7. Boggo

    Boggo

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    Re: PDN - Paladin Resources

    This chart is last Friday's data, I am long again from the 9th at 4.45.

    Lets see if it makes the target, its played by the rules so far.

    (click to expand)
     

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  8. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    Failed at $5.00 again, which turns that into decent resistance now. Going to be a task to break through there. POU has stagnated unlike other commodities that are running very hard. Disappointing. The demand supply equation still seems to be in favour of a rise, from what's been reported recently. However, there's a few big deposits in the works maybe not considered. EXT's going to have 300m lbs to dig up shortly. BHP's Yirralie (spelling) and a few popping up in the NT. If QLD ever grow a brain then there's lots more advanced projects there to come on line. And others. Would like to see a more recent and objective view of the supply demand outlook really.

    PDN in the news today:


    Paladin's uranium investment pays off
    PURE SPECULATION:Robin Bromby | August 03, 2009
    Article from: The Australian

    WHAT does John Borshoff have in mind regarding NGM Resources (NGM)?

    The boss at uranium producer Paladin Energy (PDN) certainly has shown an acquisitive streak, his company now owning 19.29 per cent of Deep Yellow (DYL) and 81.9 per cent of Summit Resources (SMM), the explorer with by far the best uranium inventory in Queensland. Moreover, it has 42.1 per cent of the exciting Bigrlyi deposit in the Northern Territory and a 50-50 joint venture, also in the NT, with global uranium giant Cameco.

    In March, Paladin invested $500,000 into cash-strapped NGM, giving Borshoff's company a 14.3 per cent stake. Then he plonked another $300,000 on to NGM's table in May to move that stake up to 16.7 per cent. NGM has some strategic ground in Niger, now the world's fourth largest uranium producer and expected to be No2 by 2012.

    Two-thirds of Niger lies within the Sahara Desert, but it has great uranium riches. The French government's Areva already operates two uranium mines there and in 2012 will open the Imouraren mine, which will be the world's biggest uranium operation. Next year the China National Uranium Corp will bring the Somina mine into production.

    NGM has three concessions in Niger. The Australian company has drilled 27 holes, most of them hitting uranium mineralisation. Its commitment to Paladin, in return for the money, was to do 1500m of drilling.

    That commitment has now been completed and the deal with Paladin will expire on September 18. What happens then is probably known only to the people at Paladin. That company has already done well out of its investment, buying in when NGM stock was at 1.4c compared with the 15.5c close on Friday.

    The junior's bank balance was down to $483,000 on June 30 and chief executive Robert Kirtlan hasn't taken any salary since September -- NGM spent just $6000 on administration in the June quarter -- but he doesn't feel hard done by, given that he has 11 million shares in the joint. He, like the other shareholders, will be waiting to see what happens after that agreement with Paladin expires next month.
     
  9. RIDGEWOOD

    RIDGEWOOD

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    Re: PDN - Paladin Resources

    Interesting article I saw online this morning regarding Paladin and a possible takeover by Cameco ( Paladin is listed on the Toronto Stock exchange as well as the ASX). As I am a newbie I cannot add a hyperlink as I have not posted 5 times previously. But if you want to google "The Prince Albert Daily Herald" (its a Canadian mob) and go to the home page, the story is the current news article.

    A quick disclosure, I currently own Paladin shares, and I do not endorse or take any responsibility in regards to the above mentioned article.

    Cheers.
     
  10. ands

    ands

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    Re: PDN - Paladin Resources

    They have been talking about that takeover by Cameco for about 2 years. When I see it I'll believe it...
     
  11. RIDGEWOOD

    RIDGEWOOD

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    Re: PDN - Paladin Resources

    Hi, interesting read in regards to PALADIN in talks with Chinese companies,
    As i cannot post a link, due to being a newbie, (this rule is very frustrating) go to the UK homepage of reuters and put Paladin in the search box, it should come up with the article "Paladin seeking up to $450 mln JV with China - CEO"

    I currently own Paladin stock, and I do not endorse or take responsibility for any of the material in the article.

    Cheers.
     
  12. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    Borshoff was wheeled out yesterday to give a presentation and sprewk the future of his company and uranium in general. Of course confirming that uranium supply demand equation is going to be supporting of POU. That might be so, but if we keep getting companies like EXT unearthing 300m ++ pounds every couple of years that situation may change. Of course, it may not be the pounds in the ground that are the significant thing but if a company can actually dig them out and process them. In that regard PDN is in a much better position having two operating mines and the capability to turn exploration to mining. They have quite a few other options for future development and should be able to be producing over 10m lbs pa from 2014 ish. That probably relies on some near term M&A and QLD growing a brain and opening up Valhalla/Skal to production. Borshoff seems confident that they will eventually change their mind, but why wouldn't be be when they spent almost a billion bucks on Summit when it couldn't even mine. In retrospect well over paid for. Should be news on this Chinese investment shortly.

    PDN stalled and going nowhere at the minute. That $5.00 region proving difficult. A break through this triangle might be significant.

    I have a feeling it's stalled here as all the uranium money has been flowing into EXT over the past few months.

    On mineweb:

    Paladin Energy to reach 8m lbs production by 2012

    By the end of 09 the Uranium miner will finish upgrading its Langer Heinrich operation and, within 3 years, hopes to have developed operations in Australia

    Author: Ross Louthean
    Posted: Thursday , 03 Sep 2009

    PERTH -

    Australia's big pathfinder on African uranium mining, Paladin Energy Ltd (ASX & TSX: PDN) will begin the US$71 million third-stage extension to its Langer Heinrich uranium mine by the end of this year.

    Paladin's managing director John Borshoff told the opening session of the Paydirt Africa Downunder Conference in Perth Thursday that the ramp up would see the Namibian mine lift output by the end of 2010 to above 5 million pounds of U308.

    Boirhsoff told delegates that Langer Heinrick should reach nameplate production of 3.7 M lb of U308 this month after the commissioning of the stage two development at a cost of US$55 M.

    "Coinciding with that throughput milestone over the near term -- subject only now to environmental approvals -- will be the start to construction of stage three production for this alkaline leach operation and on which we now anticipate completion in the December quarter of next year," Borshoff said.

    "The new expanded mine plan integrates the increased 164m lb (66m lb reserves) resource base for Langer Heinrich and this will help deliver a sustainable longer mine life for this flagship asset."

    Over the next four years Paladin should be set to reach production of 6.6m lb this fiscal year and produce more than 8m lb by 2011/12.

    Paladin's next mine, Kayelekera in Malawi, which will dramatically improve that poor nation's gross domestic product, should reach nameplate output of about 3.3m lb early next year, after a commissioning ramp up that began in January this year.

    Borshoff said the acid leach/resin in pulp plant was now operating at 65% design capacity with what he described as excellent satellite targets at Juma and Mpata expected to add to resource expansion and the significant current ore stockpile in place at Kayelekera.

    The development pipeline could see the company's Mount Isa in Queensland and Angela deposit in Australia's Northern Territory brought on steam from 2012. However, the Queensland project may need confirmation of a change of political heart by State's Premier Anna Bligh, now reportedly softening what had been a hardline stance by the Labor Party in Queensland on banning uranium mining.

    Borshoff also said Paladin would continue to expand "Deep Yellow's Australian and Namibian uranium endeavours and NGM Resources' Niger uranium push.

    "It is our belief the uranium market outlook remains very positive and though merger and acquisition activity, Paladin is presented with the opportunity to continue to establish a global uranium mining house."
     

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  13. TheMainMan

    TheMainMan

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    Re: PDN - Paladin Resources

    I've taken profits on these, I figure if the **** hits the fan this September then no one is going to be wanting uranium anytime soon.
     
  14. Seek$ucce$$

    Seek$ucce$$

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    Re: PDN - Paladin Resources

    Hi

    PDN partner, EME in Birqlyi project was offered a takeover. This is good news for PDN meaning someone actually value the project highly

    However, given large stake in Birqlyi, I think PDN will not sit still and counter offer for full control

    :)Could be an interesting bidding war for EME

    I own shares in EME's parent company JRL
     
  15. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    Capital raising.

    Up to 15% of issued capital. :eek:

    Hope it's not at too much of a discount.


    9 September 2009
    Company Announcements Office Australian Securities Exchange
    By Electronic Lodgement

    Dear Sir/Madam

    Paladin Energy Ltd Announces Proposed Institutional Placement of Shares

    Paladin Energy Ltd (“Paladin”) today announced that it intends to undertake an institutional private placement of ordinary shares. The placement is expected to be for up to 15% of Paladin’s issued capital.

    The price and terms of the offering will be determined by Paladin after an overnight marketing effort to be undertaken by RBC Capital Markets and UBS AG Australia Branch acting as Global Joint Lead Placing Agents and Cormark Securities Inc., Dundee Securities Corporation and GMP Securities L.P. as Co-Managers to the placement. The placement will be made pursuant to exemptions from registration and prospectus requirements under applicable securities laws and is subject to receipt of all applicable regulatory approvals, including approval of the Toronto Stock Exchange.

    Paladin intends to use the funds raised to:

    provide Paladin with the financial capacity to advance M&A and inorganic growth opportunities;
    progress the Langer Heinrich Stage III project (recently approved by the Board);
    expand exploration and pre-development programs in Australia; and
    enhance Paladin’s balance sheet flexibility to ensure Paladin remains well placed to take advantage of other international nuclear industry opportunities as they arise.
     
  16. Seek$ucce$$

    Seek$ucce$$

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    Re: PDN - Paladin Resources

    PDN trading halt! raising money to takeover EME?? :):):):):)

    I am now really excited with the possibility Denison to enter the foray
     
  17. Prospector

    Prospector Not a scaredy cat anymore

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    Re: PDN - Paladin Resources

    Whether this is good or not depends on the level of discount, as Kennas mentioned. A share (cant remember the name) fell 50% yesterday because of the discount it offered to raise capital.
     
  18. skc

    skc Goldmember

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    Re: PDN - Paladin Resources

    It was probably ELD you are thinking about. Not only was that heavily discounted but they were raising over 2x their market cap.

    PDN is only doing 15% of issued capital. So say they raise at 20% discount (which I doubt) to last close ($4.9) = placement price of $3.92. The theoretical ex-price would be around ~$4.75. Or a 3% drop.

    With Uranium going a bit silly today that 3% drop might not even show up.
     
  19. Nyden

    Nyden G.E. Money Genie

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    Re: PDN - Paladin Resources

    When does that ever happen though? I was under the impression, that ordinarily -it's the average 5 day price (minus the discount)? I could be completely wrong though. In which case ... the drop could be substantially more than 3%, considering that PDN was at 4.5 only a few days ago.
     
  20. kennas

    kennas Searching

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    Re: PDN - Paladin Resources

    I've never seen an average actually. Would like to know. Probably heavily depends on the industry and type of stock.

    Recently, raisings seem to have been taken as a positive thing in that a company has shored up it's balance sheet, reduced debt, and/or well into cash. All good things in this environment.

    And then, what's the cash for? In this case, they are looking at M&A opportunities and to expand their current mines.

    Might be looked at favourably no matter what the raising price, within reason...
     
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