is paladin a bargain buy at 39cents?, page-9

Hello all, excuse my recent posts 'out of the blue' but I am a long time holder of Paladin and have recently joined HC.

Davegrohl. I totally confer with your sentiments. Future health of Paladin relies on the U308 price rising and partial sale of LH. In talking to a member of the board my sentiments were that we cannot wait for the U308 price as we have no control when that will rise. Partial sale of LH is a priority.

U308 All the commentators and industry gurus are unanimous ( except for a couple) that the U308 price has all the fundamentals to see a steady if not sharp rise. As with all these issues, ....when...., is the million dollar question. From what I understand, which was supported by the chart at the AGM 2015 would be a safe bet. Although there is a good chance it will be well up on present price by then. The CEO's address stated the very strong position that PDN is in re the next 2 - 7 yrs in regards to being able to supply when there is increasing demand and limited supply. Following that period according to their chart demand constantly outstrips supply. Apparently projected demand is well established and agreed on by the majority of analysts. The CEO says that as PDN are in the business they have a pretty good idea of what the supply will be and hence the chart that show a divergent line between supply and demand 2015 on. If the chart is even half right my expectation is a very health rise (if not meteoric) in the PDN SP.

Partial buy out of LH. In asking if there was any time frame around this the board were not specific however I get the feeling that it is not happening next week while it is imperative that it is not too many months away because the $$$ are needed. I do not think the $300 million in bonds due, I think, in 2015 is a problem. At that stage even with conservative forecasts refinancing will be easy. PDN at that stage should be very strong.

MIKE, I did ask the question, without prejudice :-), if a CR had been considered by the board. The answer was that it had been briefly raised but the board felt very strongly that most existing SH would be anti, commentators would be anti and the SP would be smashed. Personally apart from anything else, it could also take a while to put together and further what then if it was not filled?? Very shaky ground. (ps I am sorry I cannot remember your full tag)

Since the GFC in my business I have seen shaky, patchy, step forward/step back progress!!?? The three previous crashes/downturns in building/real estate I could bank on a point in time when the recovery would emerge. That is not true any longer. After selling out 2007/2008 I am still waiting for confidence and clarity in the market. The shape of cycle has changed and I don't understand it anymore. Too many leavers and buttons methinks!! I think it is a bit the same for mining. One could have previously thought we should be at the point now that is coming in 2015 re U308. However I do think there is clarity around that re supply/demand/U308 price and 2015.

Here's to a strong recovery!!