OTCQX:PALAF - Post by User
Post by
fredviewon Aug 30, 2013 9:01pm
363 Views
Post# 21711020
Paladin
PaladinYour right, I don't have a position in PDN. I am however a strong believer in the mid to long term story for uranium. In fact I have a position in T.U so it's not like I haven't felt the downturn. My point is that the spot market can't continue to go down forever. If a miner like Paladin which has in the past been pretty favorably reported on is having a hard time making a go of it there has got to be a lot of marginal supply that is set to fall off the table. A couple of days ago the Russians delivered their last shipment under the HEU agreement and it didn't even cause a ripple. Futures fell again today, third straight day.
It seems to me that the supply side may be in worse shape than a lot of people have predicted. As for PDN, good luck with it and I hope it works out. It's high risk and it offers high reward. To me it is following the pattern of a lot of small gold miners, dilulution while they try and keep their head above water. If the market turns I expect it will soar and it should have larger percentage gains than U. No bashing, just a little objectivity. Good luck to the longs.