bigpappi, I heard the same arguments against FMG on hotcopper from many many posters not all that long ago when it was around $3 or less. They were wrong. Paladin has strategic assets just like FMG. Maybe PDN share price is going lower, maybe it's going higher. From a company stand point they are bringing costs down significantly and will inject dollars into their balance sheet with a partial sale of LH. I think I will believe the company in this instance thanks.
I'm sitting on a small/medium size loss at the moment, but just because you're losing money does not mean you should sell a company down the toilet. I've held shares in other companies from 30 and 40 cents only to watch them go to 6 cents, despite from a company point of view everything was getting better. you could barely give them away at that level. sure enough when the tide turned got them all out well above $1.
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Open | High | Low | Value | Volume |
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1 | 600 | 8.250 |
3 | 2322 | 8.200 |
1 | 610 | 8.150 |
2 | 775 | 8.100 |
Price($) | Vol. | No. |
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8.370 | 5000 | 1 |
8.380 | 287 | 1 |
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