There isn't any reasons why PDN should be trading this low. All this noise about green energy,but when will that be in place to power these cities? PDN signed contract to sell to US companies,that should tell us something. PDN at these prices is a steal,IMO.
Paladin moved down because they sold shares to institutions at 1.22 cdn. to beef up their balance sheet. Too bad we did not know this we could have sold out then bought back at a sure lower price. Likely many who knew about this deal, sold and are now buying back
It appears that my accumulation below 2.00 was a wise one, as paladin is now rising back where it belongs. today closing at 1.43 a rise of 31% from its low a few days ago. Smart money is getting in and shorts are closing.
Paladin can make good profits with u308 at 60.00 and uranium is on the rise. They are also in a cost reducing mode and there could be a buy out down the road,an unknown distance.
I saw some discussion, maybe on the other board that it was PDN's debt level that was the issue. Have not checked that out myself..Maybe they haven't found buyers for all their new production...Did buy more shares at $1.51, obviously a mistake. This sector and stock look likely to be out of favor through tax loss selling period; maybe then the bottom will be put in..