PDN

4.91%

$8.33 paladin energy ltd

PDN...Chart...., page-152

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qinjun88

3,462 Posts.

115

06/12/16

09:29

Post #: 21128258
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Originally posted by ozblue ↑

There are so many holders here that just can't see the situation as it actually stands.
With the price of Uranium so low the company is virtually bust. It is just a matter of time with the price of Uranium this low.
They have $US700M in debt including the prepayment from EdF that want better security than a resource that the company is not spending any cash on, because they don't have the cash to spend on it.

When the price is 6c and has fallen like a rock, the talk of 30c is dreamland stuff. The market is valuing the company at 6c, and there is a very high probability of it not going higher, but to zero.

Again with uranium at $US18/lb, the only operating mine is losing money, so when the $27m in cash is gone, that is it.
I feel very sad for holders, and lashing out at people telling the situation as it is, is ot helping anyone. The reality is that this can go into VA and no longer be tradeable at any time.
The thought of the Chinese paying $US175M for 25% of a mine that is losing money is fancyfull at best. They can and will wait for an administrator to sell them the 75% they don't own for that price or cheaper, provided the price of uranium stays low.

Don't blame Fluffynymph for telling the situation as it stands, the same for the new Bonds guy, they are just calling it as any outsider without a vested interest can see the situation.
Huge debt, over $US200M due in April.
Negative cashflow of the operation.
10 years in a row of losses.
The underlying commodity Uranium at new 10 year lows.

The situation is nothing less than dire, with realistically no way out, as the company continues to bleed cash, despite efforts to stop this. However the unrelenting lower Uranium price is and will kill the business.

You can start the attacks again, but I'm not a shorter, just an outsider looking at what I see, and dare I say how any independent individual would see the situation!!

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thanks for telling people what to do, but please don't repeat the same thing so many times....

PDN Price at posting: 6.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last $8.33		Change -0.430(4.91%)		Mkt cap ! $2.490B

Open	High	Low	Value	Volume
$8.61	$8.68	$8.28	$23.77M	2.809M

Buyers (Bids)

No.	Vol.	Price($)
2	9135	$8.32

Sellers (Offers)

Price($)	Vol.	No.
$8.36	2699	1

View Market Depth

No.	Vol.	Price($)
1	120	8.310
1	600	8.250
3	2322	8.200
1	610	8.150
2	775	8.100

Price($)	Vol.	No.
8.370	5000	1
8.380	287	1
8.400	4235	3
8.500	600	1
8.550	1765	2

Last trade - 16.10pm 06/09/2024 (20 minute delay)

PDN (ASX) Chart

PDN...Chart...., page-152

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PDN...Chart...., page-152

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