PDN - Summit Resources (SMM) unexpectedly accepted Paladin Resources' revised offer this week, causing a dilution for Paladin shareholders of some 26%. On the positive side of the ledger, a possible protracted court case is now off the table and Paladin will finally own close to 100% of the highly promising Skal and Valhalla projects in Queensland and recieve a marketing alliance with French uranium giant Areva on top. Spot uranium is currently at US$113/lb and expected to rise further in the weeks ahead. Some experts are already talking about $150/lb. As Macquarie analysts put it recently: Paladin shares are not cheap but it is difficult to see them underperforming in such an environment.
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Last
$13.99 |
Change
0.010(0.07%) |
Mkt cap ! $4.182B |
Open | High | Low | Value | Volume |
$13.78 | $14.02 | $13.62 | $27.61M | 1.999M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 198 | $13.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.00 | 5278 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 198 | 13.990 |
3 | 7182 | 13.970 |
1 | 300 | 13.960 |
1 | 18347 | 13.940 |
2 | 1614 | 13.930 |
Price($) | Vol. | No. |
---|---|---|
14.000 | 1000 | 1 |
14.020 | 12412 | 3 |
14.030 | 32 | 1 |
14.060 | 8054 | 3 |
14.070 | 1800 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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