PDN - Summit Resources (SMM) unexpectedly accepted Paladin Resources' revised offer this week, causing a dilution for Paladin shareholders of some 26%. On the positive side of the ledger, a possible protracted court case is now off the table and Paladin will finally own close to 100% of the highly promising Skal and Valhalla projects in Queensland and recieve a marketing alliance with French uranium giant Areva on top. Spot uranium is currently at US$113/lb and expected to rise further in the weeks ahead. Some experts are already talking about $150/lb. As Macquarie analysts put it recently: Paladin shares are not cheap but it is difficult to see them underperforming in such an environment.
Fn Arena Weekly
not cheap but
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Last
$12.42 |
Change
0.020(0.16%) |
Mkt cap ! $3.707B | |||
| Open | High | Low | Value | Volume |
| $12.39 | $12.63 | $12.26 | $48.32M | 3.886M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7610 | $12.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.43 | 1612 | 1 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |