PDN 9.14% $9.79 paladin energy ltd

Can it get worse?

  1. 14,155 Posts.
    lightbulb Created with Sketch. 705
    I was an Elders (ELD) holder and averaged down as it fell from $1.50 to 7c. I took part in a capital raise at 15c and managed to get my average to about 27c. Sold after a number of years on that journey at equivalent 45c (after a consolidation of 10:1 $4.50). 18c per share profit and held a few just for long term but wanted to jump in on what I considered was an excellent opportunity. A happy ending. That money has now gone into PDN - it must be cursed money?

    PDN always was a long term speculative investment for me but I bought in at 18c thinking it was close to the bottom and here we are under 7c. My investment horizon with these funds is 2022. I will participate in a capital raise if one is offered to address debt. My average after today is down to 10c. I am hopeful for a 5 bagger by 2022 circa 50c.
 
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