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
$9.60 |
Change
-0.190(1.94%) |
Mkt cap ! $2.870B |
Open | High | Low | Value | Volume |
$9.79 | $9.81 | $9.51 | $12.55M | 1.305M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 4716 | $9.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.62 | 7496 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 4716 | 9.600 |
4 | 6833 | 9.590 |
2 | 2292 | 9.580 |
1 | 9766 | 9.570 |
1 | 23003 | 9.560 |
Price($) | Vol. | No. |
---|---|---|
9.620 | 7496 | 2 |
9.680 | 300 | 1 |
9.690 | 12058 | 3 |
9.700 | 23003 | 1 |
9.710 | 13842 | 2 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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