Wow....the fall today in the market is beyond silly!
Let’s keep some perspective here..
Paladin is the largest Australian Uranium Miner........it supplies around 4% of the world's mined uranium right now and is the 8th largest Uranium producer in the world
(Source: http://www.thebull.com.au/articles/a/35517-reporting-season-analysis:-paladin-energy.html & Wikipedia)
if you just mentally block the high PDN hit in March 2007 ($10.80)......it is still down 80% from just 2011...
Total Market cap right now is $850m.....
But amongst their liquid investments they have own 23.4% of DYL ( total mkt cap $82M....PDN share ...$19m) & 82% of SMM ( total market cap $320M....pdn share $262m).......so theoretically if they wanted too they could free up this $282M cash very soon....
PLUS they have a massive exploration portfolio ( will sites in Canada and all over Australia...)
Why is it down so much? Shorters having a field day with it......they are targeting it because of its debt and profit situation......
But most of its debt is convertible into equity at a later date......
and on the profit situation.....because the current spot price for U is around $42.......whilst their cost of production in Namibia is under $30......Malawi is around $43.... its not making much money right now.....BUT....everyone knows that the spot price will recover and gain through this year as
1) Japanese reactors come back online
2) US – Russian treaty finishes ( taking off 15% of supply)
3) and countless new reactors keep getting built all over the world!
i'm buying for the long term in this low!
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Last
$12.52 |
Change
0.040(0.32%) |
Mkt cap ! $3.736B |
Open | High | Low | Value | Volume |
$12.12 | $12.54 | $11.99 | $27.08M | 2.200M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 13432 | $12.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.53 | 10494 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8416 | 12.510 |
2 | 7906 | 12.490 |
1 | 7945 | 12.470 |
4 | 9820 | 12.450 |
2 | 28395 | 12.440 |
Price($) | Vol. | No. |
---|---|---|
12.530 | 9000 | 1 |
12.550 | 3000 | 1 |
12.570 | 1827 | 2 |
12.580 | 7945 | 1 |
12.600 | 31206 | 4 |
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