Some articles that add to the speculation that PDN is primed for a takeover add in the top 20 holder now most prbably holding above 80% to 85% of all stock the decrease in stock trading seems to reflect this...some churning probably evident to draw out reluctant sellers...... NO shareholder disclosurer notices since 10/05/2012 none from UBS,NAB and L1 Capital prior to this UBS and NAB were regular reporters of changes in holdings
note the lent stock RETURNED.........thats what the shorters use......
Come the new financial year from July 1 expect what some would call the un-expected...in my opinon
Taking a punt on likely takeovers February 11, 2012
The editor of FNArena financial news and analysis service, Rudi Filapek-Vandyck, says Goodman Fielder is a candidate for takeover. ''I would suspect that a restructured Goodman Fielder that is left with good-performing businesses would become attractive for an international player,'' Filapek-Vandyck says.
He names Paladin Energy as another target. Shares in the uranium miner used to trade at $10 and are now about $2. ***************************************** ''You would have to assume that if the share price does not increase dramatically Paladin will become a target,'' he says.
----------------------------------------------------------------------------------------------------------------------- Thursday, 05 January 2012 08:42
Uranium tells the same story of energy growth, with the added incentive of lower emissions. Another graph from the EIA report demonstrates again that uranium demand is increasing at a rate of knots. Just look at the increase in uranium capacity between 2008 and 2035 for China.
This is already producing results in M&A. China Guangdong Nuclear Corp’s bid for UK-based company Kalahari Minerals is a clear play for the target’s main asset, a 43% stake in Australia’s Extract Resources, which owns the Husab uranium deposit in Namibia, thought to be the fourth largest in the world. Meanwhile, Rio Tinto has secured Canada’s Hathor Exploration, which is sitting on the world-class Roughrider project.
The difference, however, is that in Australia, BHP Billiton is already sitting on our prized uranium asset at the Olympic Dam and two of our established producers, Paladin Energy and Energy Resources of Australia, have their issues. Additionally, the market is well catered for, which is reflected in the price of uranium. This means that international players will tend to go for the top-tier assets.
Shawn Uldridge, of William Shaw Securities, says the out-of-favour uranium sector offers long-term growth prospects, with Paladin Energy his prime choice despite a net loss after tax of $US82.3 million for 12 months to June 30, 2011. Revenue increased to a record $US268.9 million on the back of increasing uranium sales and higher realised prices. Paladin’s Langer Heinrich mine in Namibia is its flagship, but it has other quality uranium deposits, such as the Kayelekera mine in Malawi. Uldridge says Paladin projects, with mine lives up to 20 years, have uranium reserves amounting to 220 million pounds. It also has projects in development with resources estimated at that much again,” he says. “This is a long term growth story.” Uldridge says Chinese companies have swooped on the global uranium sector and have been behind strong merger and acquisition activity since January. “China is looking to shore up uranium supplies as it plans to build another 60 nuclear reactors between now and 2020,” he says. “Paladin has the resources to contribute to Chinese demand.” Uldridge says Paladin’s share price has fallen about 65 per cent since the Japanese earthquake in March led investors to sell uranium stocks and avoid the sector. “I believe Paladin, at today’s price, appeals as a potentially strong takeover target as it produces what China and other nuclear powered economies need in future,” he says.
(20min delay)