Wow....the fall today in the market is beyond silly!
Let’s keep some perspective here..
Paladin is the largest Australian Uranium Miner........it supplies around 4% of the world's mined uranium right now and is the 8th largest Uranium producer in the world
(Source: http://www.thebull.com.au/articles/a/35517-reporting-season-analysis:-paladin-energy.html & Wikipedia)
if you just mentally block the high PDN hit in March 2007 ($10.80)......it is still down 80% from just 2011...
Total Market cap right now is $850m.....
But amongst their liquid investments they have own 23.4% of DYL ( total mkt cap $82M....PDN share ...$19m) & 82% of SMM ( total market cap $320M....pdn share $262m).......so theoretically if they wanted too they could free up this $282M cash very soon....
PLUS they have a massive exploration portfolio ( will sites in Canada and all over Australia...)
Why is it down so much? Shorters having a field day with it......they are targeting it because of its debt and profit situation......
But most of its debt is convertible into equity at a later date......
and on the profit situation.....because the current spot price for U is around $42.......whilst their cost of production in Namibia is under $30......Malawi is around $43.... its not making much money right now.....BUT....everyone knows that the spot price will recover and gain through this year as
1) Japanese reactors come back online
2) US – Russian treaty finishes ( taking off 15% of supply)
3) and countless new reactors keep getting built all over the world!
i'm buying for the long term in this low!
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- this is just beyond silly!
this is just beyond silly!
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Last
$11.74 |
Change
0.290(2.53%) |
Mkt cap ! $3.511B |
Open | High | Low | Value | Volume |
$11.54 | $11.96 | $11.27 | $34.85M | 2.980M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 39237 | $11.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.75 | 307 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 39237 | 11.720 |
3 | 4991 | 11.710 |
2 | 163 | 11.690 |
2 | 10163 | 11.680 |
1 | 10163 | 11.650 |
Price($) | Vol. | No. |
---|---|---|
11.760 | 6930 | 1 |
11.800 | 323 | 1 |
11.840 | 500 | 1 |
11.860 | 1850 | 2 |
11.890 | 10401 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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