So the LNP looks a shoe in ... what is going to happen to the remaining 8% of shares assuming either AREVA or PDN haven't been buying on market. Looking at the chart there has been steady accumulation for many months now. If I had to place an educated guess I would have my money on AREVA grabbing more shares.
So will PDN deal here and deliver an advanced asset into AREVA's hands? High odds given Paladin's compromised equity position. It is hardly in the position to develop another mine at this point in time.
So is there some profits here for traders on a buy? Time will tell but entering at these levels is probably derisked given the fundamentals any Queensland play has had working against it up until now ...
No posters here so probably no traders anywhere near this stock ...
SMM Price at posting:
$1.75 Sentiment: LT Buy Disclosure: Held