Smartest thing Paladin could do with any available equity right now is pump SMM's SP back up. They would be buying an asset that has been smacked down likely by AREVA and inflating, and inflating the value of the other 82% of SMM shares they already own and have had to mark to market. From an investment perpsective the Mt Isa tenements are trading at bargain levels in any case.
Paladin now has the power to take control of its future as it has assets in demand ...
I would suggest there is a major short interest in PDN atm that is working overtime to hold the tide back. Given this trades in Toronto as well there will be some major sleep issues at the moment. Long and strong, the fundamentals have changed as pounds in the ground just increased significantly.
$50 mill asset write up, page-4
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 (20min delay)
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Last
$7.69 |
Change
0.400(5.49%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $7.54 | $7.84 | $7.52 | $38.43M | 4.996M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25000 | $7.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 10674 | 2 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |