get the facts wright
you said
"just the fact almost 10% of the companies share is being shorted,euro issues getting worse,1.8 billion of market cap and debt, no profit, share dilution, the fact paladins a uranium producer, 5 year downtrend, open your eyes!"
1 share dilution
1/7/10 shares on issue 717,142,802
1/9/11 777,698,217
30/12/11 835,484,,064********
09/07/12 835,645,290
data supplied by asic
only 1 placement of shares at $1.20 sept 2011***********
NO MASSIVE DILUTION AT ALL
-----------------------------------------------
2 no profit
For the Qtr ended 31/12/11
Profit US$3.2Million
Imapirment of $120mill of KM mine (rapid depreciation of plant) not a loss ..just a writedown on the plants valuation
------------
3 Debt
For the Qtr ended 31/12/11
Bank debt
KM plant $US 108 Mill
LH PLANT $US 129.7 mill
------------------------------------
unsecured convetible bonds
bond 1
issued 2008 US$325 Mill march 2013 bonds
BALANCE OUTSTANDING at 29/5/12 $US134 Mill (2013 bonds )
BOND 2
issued Nov 2010 US$300 MILL DUE 5 NOV 2015
BOND 3
issued April 2012 US$ 274 MILL DUE 2017
(issued at a 25% premium to the market price of the shares)
US$ 191 Mill used to buy back 2013 bonds
2013 Bonds balance US$ 134 mill
cash balance US$83 Mill from 2017 Bonds held at bank
--------
4 SHARE PLACEMENT 2011
RAISED US$70 MILLION held at bank
-----------
total bank holdings approx
2017 bonds bal US$83 mill
2012 share placement $70 mill
profit to dec 2011 3.2 mill
------------------------------
TOTAL FUTURE DEBTS ie BONDS
2013 BONDS $134 MILL
2015 Nov $300 MILL
2017 $274 MILL
_______________________________
TOTAL CURRENT DEBTS TO DEC 2011
bank financing facility
KM plant $US 108 Mill
LH PLANT $US 129.7 mill
---------------------------------
YOUR STATEMENT
"1.8 billion of market cap and debt"
IS MISLEADING...YOU ATTEMPT TO INFER THE COMPANY HAS $1.8 BILL IN DEBT
YOU SAY IT MAKES NO PROFIT
AGAIN A BLATANT MISLEADING STATEMENT
dec qtr 2011 showed $3.2 Mill profit PLUS a huge inventory of uranium
---------------------
SHORTING and ill informed posts are the main problem here
along with ill informed journalists that focused on the one word
"impairement" doubt they knew what it meant......
SHORTING
STARTED IN EARNEST APRIL 2012 up until then it had been in a conservative range
of the 20 to 30 mill mark..
_____________________________________________
2 near fully operational plants
new contracts at US$60 to mid US$60/lb signed in USA
now in discussion for 3 DEALS with NUCLEAR POWER PLANTS....
which would be cash flow positive for Pdn ....]
1st ann expected AUGUST 2012......
THE REST THROUGH TO OCT 2012
DEALS EXPECTED TO BE JV in nature with Pdn receiving cash payment for a 5 of the JV it sells.
Thus reducing debt
--------------------------------------------------------------------------------
The Euro probs affect the entire global market......
Pdn is tied to the Nuclear Power Industry.....
more power plants being built and planned now than ever before
supply shortage of uranium already a stated fact and expected to get worse
read Pdn last report read fosters report
estimated current 30mill/lb shortage as I recall
-------------------------------------------------------
the shorters are in a bind....
they need to unwind their stretched positions and that will take around 3 wks
if they maintain high daily volumes
so yes they are pounding down the price....till they close out their shorts.....
-----------------------------------------------------
do some research before making statements with no actual facts......
and in future back up the statements with FACTS FIGURES DATES ETC.....
--------------------------------------
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