1. Most Discussed
  2. Gainers & Losers
PDN 20.0¢

paladin still a great buy

  1. terrylei

    149 Posts.

    A good buying opportunity at a discount of 23.5 % for PDN at present. PDN has dropped 0.04 cents from its high of 0.17 on Wednesday last. There is no doubt there has been profit taking (why not lock in the large profits that some folks undoubtedly made? – so long as you can get in again at a better price), but the On Balance Volume still managed to rise by 557 yesterday, indicating that people are still piling into the stock. And why not? There is a projected shortfall of something like 30% of uranium demand and there has been no sign of any weakening of that demand. Moreover, as was mentioned yesterday by Siameseparrot, with its projected output of 2 million pounds of uranium from just the first two of its projects, Langer Heinrich and Kayelekera, PDN moves into fifth place in terms of the worlds largest producers. And, as Eildon2k has just posted, the spot price as of 23 March has risen again, to US$17.50 a pound. Where’s the downside?

    All of the above is my own opinion only and anyone contemplating purchasing the stock mentioned should first do their own due diligence. I hold PDN.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.