PDN 4.00% 12.0¢ paladin energy ltd

mineweb mostly correct with predictions

  1. 7,899 Posts.
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    I jumped off PDN at approximately $9 last year in June when mineweb journalists predicted a hedge fund caused down turn of the uranium spotprice. I played a little bit with PDN at $5 and jumped back in on Friday, based on the posted mineweb article.
    It may be that the SP will still move around the $2-$3 range in the next couple of weeks, but considering that the spot price is not far away from production price ( similar to oil currently ), the general direction should be up. Of course, some panicking people could send SP down like Friday, but when I look at the resistance and the upwards reaction of the "rational" investors then I believe I am not the only one thinking this is a very good buy if you are in for the long term. The only real danger for PDN could be that Hutus and Tutsis suddenly translate their senseless fighting into Malawi.
 
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