PDN 2.37% $12.10 paladin energy ltd

fundamentals of a zombie liability company?, page-21

  1. 5,016 Posts.
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    here's a recap of what JP MORGAN were saying about PDN at the start of this year....when its market cap was around DOUBLE of what it is right now....

    "We believe Paladin Energy is the most attractive target in the uranium space globally now that Extract Resources and Hathor Exploration have been taken over. Since the Fukushima incident, uranium transactions have continued at healthy multiples of up to US$19 a pound, including future capital expenditure requirements. Paladin trades at US$3 a pound, is ex-capex, producing and has high grades. We believe Cameco Corp.CCO.T +1.08%, ARMZ Uranium Holding Co. and China Guangdong Nuclear Power Holding Co. could be interested."

    http://blogs.wsj.com/dealjournalaustralia/2013/01/14/jpmorgan-marks-card-on-2013-ma-targets/

    Do you still think the market cap is "high" right now?
 
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