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PDN - Paladin Energy

skc

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http://www.afr.com/business/mining/...s-after-us277m-payment-demand-20170703-gx3vjv

RIP PDN.

You once had a $5B market cap.
You once inspired hundreds of small ASX companies to chase after uranium assets and tenements.
You once made thousands of retail investors think they are awesome investors.
Your demise dented the hopes of many, on how you can't just put a share in the bottom draw for them to miraculously come good.
Tens of thousands of investors will see a picture of you, when they look up boom-to-bust in the dictionary.
You shall remain one of the fabled chapters on the ASX.
Indeed, your death is probably what the uranium industry needs to most. Although I doubt the assets will actually stop operating.
May you meet your other old friends in corporate heaven.
 
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It's unreal hey. I know a guy who made a significant portion of his wealth from this stock.
 

Jurgen

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It sure is hey. Only time will tell for the 26,500 Shareholders what type of sharks they are?
 

pixel

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At last, rejigged Paladin back on the boards

It lives! A recapitalised and restructured Paladin Energy re-instated to official quotation.

Does PDN really stand a chance given its chequered history?
After consolidation, top 20 are holding 95% of the new shares.
Holders of the old shares lost 98% of previous volume and over 90% of last-traded value.

Of course, neither of that will guarantee the new Paladin's survival.
Glad I wasn't involved. Sold the last of my holdings in 2007 and never went back.

pdn_ax31mar94_to_06nov19.png
 

Joules MM1

....everything has an art
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After consolidation, top 20 are holding 95% of the new shares.
Holders of the old shares lost 98% of previous volume and over 90% of last-traded value.

Of course, neither of that will guarantee the new Paladin's survival.
Glad I wasn't involved. Sold the last of my holdings in 2007 and never went back.

View attachment 86295
@pixel , are you thinking 95% T20 held means a shell play for a whole new ballgame?
(am holding A1C based on the same profile albeit lesser held as % of total scrip avail)
 

pixel

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@pixel , are you thinking 95% T20 held means a shell play for a whole new ballgame?
(am holding A1C based on the same profile albeit lesser held as % of total scrip avail)
I have no idea what the T20 are up to, whether they're re-opening some mines or keeping everything mothballed. All I noticed was the reappearance of PDN on the active board, at a sp rise by some 300%, which of course is due to the consolidation. I haven't read the other announcements around the relisting because at this stage, PDN is of no particular interest to me.
 

pixel

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As a holder I'm stunned they took away 98% of my holding. Grand larcency. Can they really legally do that?
Be glad they left you some.
The company was broke; if they had let it die, you would've been left with nothing.
 

greggles

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Paladin Energy looks to be moving up and out of the consolidation zone it has been trading in for the last couple of months. Volume very heavy today and yesterday but no apparent catalyst for the move north.

PDN closed today near its high and is looking bullish.

big.chart-PDN.gif
 
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Paladin have $50 million in Cash with a Market Cap of around +$300 million … If the price action stays positive, I'd say they are back in the race;) ...
 
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Another one to watch. I am currently maxed out on positions so can't take position today. BO of $0.16 would be the trigger

upload_2019-7-24_6-10-1.png
 
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It's been heading lower but ended higher today on higher than average volume. Hoping for a bounce in the coming days.
 
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