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Paladin Energy Ltd PALAF

Paladin Energy Ltd is an Australia-based independent uranium producer with a 75% ownership of the world-class long life Langer Heinrich Mine (LHM) located in Namibia. The Company also owns a portfolio of uranium exploration and development assets in Canada and Australia. Its segments include Exploration, Namibia and Australia. The LHM is located in central western Namibia approximately 80 kilometers (km) east of Swakopmund and 85 km northeast of the Walvis Bay major deepwater harbor. Its exploration projects include Michelin, Manyingee and Mount Isa. The Company, through its subsidiary Aurora Energy Ltd, holds a 100% interest in over 98,320 hectares of mineral exploration licenses. These are located within the Central Mineral Belt of Labrador, Canada. It has a 100% interest in the Manyingee Project. This project is a sandstone hosted uranium project consisting of 41 Mlb across two deposits. It wholly-owns a project comprised of three promising uranium exploration sites in Queensland.


OTCQX:PALAF - Post by User

Bullboard Posts
Comment by PUNJABIon Apr 29, 2013 2:19pm
135 Views
Post# 21314885

RE: RE: RE: RE: just got my 100K shares

RE: RE: RE: RE: just got my 100K shares

You have lot of courage & patience to have such a huge exposure to a sector which is in doldrums. If you wait long enough then chances are that things will work out. The sector has been beaten up & there is lot of value for medium to long term investors. You make your call invest & wait till you hit it out of the park. I consider your approach as wealth accumulation. This requires strong belief, commitment & patience. I find your position risky & not properly diversified for me. I guess no risk no reward..

With the dot com bubble & computer program trading more & more investors are becoming traders & short term investors more investors are losing the patience to wait out.

For years I have been trying to figure out if buy & hold or trading & short term approach is better. With sort term approach you pay huge amount of commissions & profit spreads are small.  Trading & short term approach works for declining or range bound sectors / stocks. No question about it.  But if you want to accumulate wealth & you are not invested in a declining sector / stocks then short term trading is not the best approach.  Then buy & hold is the solution. With trading you are missing the gaps in prices & sometimes end up chasing the stock at higher prices with huge trading commissions even with $7 flat.

A time will come when U308 price will rebound & lot of money will be made by people who positioned them at the right time.  Japan could be a trigger. So far I do not see an evidence of improvement in the sector & I do not have the courage & patience & will wait for some proof of possible reversal. In the meantime I trade only & wait for buy & hold situation to develop.

There is no good or bad approach the best approach is the one which works for you. Both have merits & work well in certain situations.

 

Bullboard Posts