Thread by @contrarian8888

$pdn. I feel the naysayers on paladin never seem to give up. I recall a hit piece by @mikontwitti/@crux not that long ago in oct 2019 (stock was 9c & fell to 7.5c) which at the time a lot of folks on twitter thought was brilliant. (Tgt px 5c i believe) . I defended the stock

https://twitter.com/yellowlablife/status/1372372396418727939

Then & along with @SachemCove & @SegraU3O8 we each took turns (we were all together at a Nuclear conf) & over beers each bought millions of shares of $PDN on the cheap- thank you Mikon (I’m blocked by him fyi). So now moving on to this analysis .

Ill make 3 points 1. The EV did not change due to this deal. 2. If you think that Uranium which has been under supplied for years and has a monster shortfall will just go to $55 well then go sell it. On yesterday’s panel Dustin Garrow/@FootnotesFirst talked about uranium going to

Marginal cost of the Producer- so minimum $75 and possibly higher. In addition last cycle with no s/d imbalance you had U going to $138. To think U will just stop at $55 is asinine- commodity mkts go from massively under px to Massively overvalued- staying at an equilibrium FV

Just doesn’t happen. & anyone looking at the Berkeley saga will realize that U elasticity is very INELASTIC. Again implying overshoot. & finally my most impt point- in the last cycle pdn’s other assets- they were detailed in the attachment from yesterday’s tweet of

350m lbs were worth $10/lb. This person assumes they are worth- Wait for it .. wait for it........... ZERO.

Finally I’m a value buyer- which is why i get no concept of stuff like BTC (& have been wrong so far). I’m also skeptical of many of the ESG valuation stocks- be it $PLUG (looks like accounting fraud), $tsla (definite accounting fraud), @Go_Rozen recently on a @jessefelder podcas

Detailed how the IRR’s for solar/wind projects are 4%. Now that is a bubble. If you’ve managed money you will realize that ESG mandates/Pension funds are constraining funds on what they can own for their energy weights.If funds cant buy dirty energy/ & think Solar/wind/Tsla is

Overvalued then a lot of money will find its way into uranium (and fyi mkt cap of 24$b is still < 1/5 last cycle high). It’s energy and its Carbon free. So if you think we’ve seen a bubble you have not seen anything yet. & yes i do hope this tweet is a repeat of the crux/mikon

Example I’d love nothing more than to buy more $pdn on the cheap.