Well, well
The beat goes on. A lot of positive buzz on our uranium play:
Globe says impressive growth expected from Paladin
Ticker Symbol: C:PDN
Globe says impressive growth expected from Paladin
Paladin Energy Ltd (C:PDN)
Shares Issued 623,694,427
Last Close 7/16/2009 $4.34
Friday July 17 2009 - In the News
The Globe and Mail reports in its Friday edition that Middlefield Capital manager Dennis da Silva is keen on Paladin Energy. Anwar Ali writes in the BNN Market Call column that Paladin Energy stock edged ahead a dime to close Thursday at $4.34. The stock has a one-year range of $1.30 to $6.64. Mr. da Silva says: "Paladin is the second-largest Canadian uranium producer with primary assets in Namibia and Malawi. Ramping up to three million pounds of uranium in 2010 and future expansions will drive impressive growth over the next few years. Low costs will let the company benefit from stronger uranium prices going forward." In his general outlook Mr. da Silva says: "Heading into the summer months, anticipate typical lower volumes and higher volatility. Investors should take advantage of these factors to position themselves for a strong seasonal commodity rally. Buy the gaps that low volumes and high volatility create during the off season before September/October." Middlefield Capital manager Rob Lauzon said buy Paladin stock in the BNN column on May 27. The stock was then worth $4.45. BluMont Capital stockpicker Veronika Hirsch said buy Paladin in The Globe on Nov. 26. The stock could then be had for $1.66.