IMHO , the recent PDN price action does not seem to match the macro story that continues to build or the U spot price.
Key supply side issues exist:
- Mine closures and C&M decisions in 2019,
- Further Temporary C&M due to COVID 19
- Potential for extension of COVID 19 closures due to employee risk ( Kazakhstan and Canada).
Inventories and LT contract details are very opaque, however many commentators claim LT U price will continue to increase over next three years.
IMHO, the recent PDN price should not have dropped below 11c, so something is happening.
I would proffer, that there is some opportunistic manipulation going on here for a low entry price.
M&A activity in the industry is likely, but probably only a small chance that this would include PDN.
Anyway, PDN should be above 11c and should be increasing, so I am holding.
FT
- Forums
- ASX - By Stock
- PDN
- Could Paladin will be $1 again
Could Paladin will be $1 again, page-56
-
- There are more pages in this discussion • 84 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PDN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$12.49 |
Change
-0.540(4.14%) |
Mkt cap ! $3.735B |
Open | High | Low | Value | Volume |
$12.92 | $12.93 | $12.42 | $40.71M | 3.247M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15 | $12.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.50 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 76796 | 12.470 |
1 | 1110 | 12.460 |
2 | 451 | 12.450 |
2 | 13633 | 12.440 |
2 | 160 | 12.420 |
Price($) | Vol. | No. |
---|---|---|
12.500 | 1000 | 1 |
12.620 | 370 | 2 |
12.630 | 5361 | 2 |
12.640 | 138240 | 3 |
12.650 | 9633 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
PDN (ASX) Chart |