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
$9.60 |
Change
-0.190(1.94%) |
Mkt cap ! $2.870B |
Open | High | Low | Value | Volume |
$9.79 | $9.81 | $9.51 | $12.55M | 1.305M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 4716 | $9.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.62 | 7496 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 4716 | 9.600 |
4 | 6833 | 9.590 |
2 | 2292 | 9.580 |
1 | 9766 | 9.570 |
1 | 23003 | 9.560 |
Price($) | Vol. | No. |
---|---|---|
9.620 | 7496 | 2 |
9.680 | 300 | 1 |
9.690 | 12058 | 3 |
9.700 | 23003 | 1 |
9.710 | 13842 | 2 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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PDN (ASX) Chart |