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.
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$13.01 |
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Mkt cap ! $3.889B |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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No. | Vol. | Price($) |
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2 | 2527 | 13.010 |
8 | 19616 | 13.000 |
2 | 26889 | 12.980 |
1 | 4300 | 12.970 |
4 | 11977 | 12.960 |
Price($) | Vol. | No. |
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13.090 | 1710 | 2 |
13.100 | 7075 | 2 |
13.120 | 7423 | 2 |
13.130 | 19966 | 1 |
13.140 | 11223 | 2 |
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