Paladin represents an investment and belief in the "last man standing" theory.
The stock is likely to break the back of investors' patience (for a second time in its existence) and cause much frustration.
Although there is little doubt LH is a premium resource, it remains to be seen whether the money available to keep the company afloat, is sufficient to outlast the below production costs price uranium.
I am a bull long term based on demand far outweighing deliverable supply at current spot prices. A tipping point will come where contracts will be exchanged at $50 + per lb to at least underpin additional production from current producers. If PDN can achieve their aspirational $30/lb AISC, a case for re-start can be made. However, that is probably at least 9-12 painful months away, all the time depleting Paladin's limited cash reserves. I will back myself in to be very very patient.
Can't help myself at present from buying at current prices (a 20% discount to CR price), yet still have vivid memory of the absolute bomb i lost on PDN Mark1.
They say anyone can make a mistake but only a fool makes the same mistake more than once. When I look in the mirror in a year or 2, I expect I will better know myself.
GLTAS, this is going to be a long trek and a bumpy ride.
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Last
$11.41 |
Change
0.340(3.07%) |
Mkt cap ! $3.411B |
Open | High | Low | Value | Volume |
$11.12 | $11.41 | $10.72 | $70.22M | 6.258M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 96833 | $11.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.41 | 41345 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 96833 | 11.400 |
2 | 9087 | 11.270 |
1 | 456 | 11.250 |
1 | 9024 | 11.220 |
1 | 29455 | 11.210 |
Price($) | Vol. | No. |
---|---|---|
11.420 | 44693 | 2 |
11.430 | 35232 | 1 |
11.440 | 35358 | 1 |
11.450 | 33858 | 1 |
11.460 | 32627 | 1 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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