Thread by @contrarian8888

$PDN. ($PALAF) I know paladin energy has been a rocket ship and after conversing with the ceo i am even more pumped. The uranium market is extremely quiet because of the lockdowns and covid restrictions raging throughout Europe & the US. That being said their view is by

Feb or early March, the term market will pick up considerably. A lot of utilities drew down on inventories last year because they weren’t willing to hit the spot mkt. This game can only last so long and by summer they will just need to sign contracts. Ian mentioned that a

Firm had commissioned 2 reactors worth (>10$bn each) and had just secured 2 years of U supply. The ratio of capex spent on just commissioning a multi billion dollar plant and then barely having much U supply is just nuts. This is because the market is lulled but he expects it to

Change & it will be dramatic when it does. The point he also mentioned is that there is a discontinuous gap between where supply is available from the Kaz/CCJ (say mid $40s) to a junior producer which could be $65-75$. Thus its not a smooth chart that the utilities can traverse

Once you lock up the tier one producer there is a very big jump & risk in if the project gets financed/on time/environmental permit/etc etc etc + much higher cost (not 5-10% but 50-70%). This is generally lost by the idiotic sell side analysts.

Fortunately with an AISC of $27 and all in low $30s $PDN Is in that first tier for LH. -and with none of the risk of permitting etc that could plague any other juniors.

Finally although LH has been finally recognized as a well run plant which has historically delivered 47m lbs in the past (see my tweet on the slide from $PDN yesterday), the other 320m lbs of PDN resources ex LH have not been addressed or discussed. I would expect over the course

Of time this would be another leg to drive the share price higher. I know seeing the stock pull back 15% in 2 days is tough. Expect a lot more of it as the stock drives towards my target of at least $2 in the next few years. Finally ASX rebalance should lead to an additional 30m

Shares of index buying (over and beyond the URNM/URA) effect by march this year. BOTTOM LINE I AM INCREDIBLY BULLISH PDN & i am happy to not own any other U company. $PDN is going to see a tremendous rerating as it signs contracts over the course of the year, restarts LH and the

Market revalues all their other 320m lbs (of which hundreds of $100ms have been sunk in the past on drill holes and other exploration activity). The market is massively undervaluing this aspect of PDN and so ive got an ISO/EU/CCJ/ all rolled into one LOL. With a tier 1 mgmt team

Who is incentivized by stock at 20c-50c (1/4 each 10c increment). Finally mgmt was categorical that they see no reason to dilute their valuable equity given signing contracts should allow them to easily refinance their debt maturities. As one of few producers that have an ability

To restart very quickly you can imagine they have been in conversations with all the major utilities. 2020 was a fantastic year for pdn but based on my conversation with Ian, 21 is shaping to be even better. Now time to hit send & go look at some island buying catalogs.