Uranium will come thundering back. However if it doesn't improve significantly within the next 12 months Paladin are going to have to go back to the market to avoid collapsing. Alternatively management will get fed up and sell part of their assets at the bottom. That will be even more painful if they have to shut down one of their mines in the mean time.
While cheap the market price still seems quite positive given the possible dilution and the bleak outlook for uranium short to mid term.
Even with Japan's new government supporting nuclear power it's going to be a very slow journey and Paladin doesn't have time to wait.
Even if uranium is double what it is by 2015 this dry spell will likely kill equity in the company.
Uranium will come thundering back. However if it doesn't improve...
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Last
$9.73 |
Change
-0.290(2.89%) |
Mkt cap ! $2.909B | |||
| Open | High | Low | Value | Volume |
| $9.90 | $9.94 | $9.70 | $39.49M | 4.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 18227 | $9.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.73 | 15000 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |