PDN 8.33% 45.5¢ paladin energy ltd

still the most ideal uranium bet

  1. 6 Posts.
    Paladin Energy?s report has been disappointing, as its production in the 2011 financial year missed its recent downgraded guidance due to continuous wet season. Also, the miner has downgraded its 2012 FY guidance due to the delayed expansion of its Langer Heinrich Mine in Namibia. Although the uranium oxide output jumped 32% to 5.69 million pounds, Paladin still missed its recent downgraded guidance for the lower limit of 6 million pounds plus or minus 1%.
    However, given the share price is traded around $2.6, it is believed that negative news have already been factored into the current market price. In addition to the strong demand I mentioned in my earlier post, there are supply constraints as many miners found it uneconomic to develop the uranium mines at the current spot price. Financing support for the capital expenditure is also difficult to obtain. Although Paladin has suffered from the poor weather and expansion delay, its overall mining operation is more effective than other uranium peers eg ERA.
    For investors betting on the uranium story, I still believe that PDN is the most ideal stock at the ASX market.
 
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Last
45.5¢
Change
0.035(8.33%)
Mkt cap ! $864.1M
Open High Low Value Volume
43.5¢ 47.0¢ 43.0¢ $11.22M 25.17M

Buyers (Bids)

No. Vol. Price($)
13 209099 45.0¢
 

Sellers (Offers)

Price($) Vol. No.
45.5¢ 161037 5
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Last trade - 13.30pm 03/03/2021 (20 minute delay) ?
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Last
46.0¢
  Change
0.035 ( 10.8 %)
Open High Low Volume
44.0¢ 47.0¢ 43.0¢ 8679433
Last updated 13.48pm 03/03/2021 (live) ?
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