Ann: Maiden Uranium Resource at Valhalla North Pr, page-19

re: Ann: FSN: Maiden Uranium Resource at Valh... You go with your gut instinct, based on market forces, and beliefs. You look for the 'edge' as I call it. Everyone should have a trading strategy and indicators and if the probability/or odds are in your favour, then the signal will present itself for you to buy or sell. You need to become inline with the mkt, and think what the mkt thinks....take the DJIA, clearly signals are there that they want to test/break 9000, the bailout of the big 3 hasn't been finalised yet, so shrewd investors used last night to sell down, you would expect that there will be a strong form of buying today or Monday if the bailout is finalised. I think selling the USD may be a good strategy, I see prices going back to the Sep/Oct levels, not back to Nov. As for PDN take a look at the historical prices for Sept, most of the noise in Nov has been eradicated...for now PDN looks to be heading North, not South. You think with what has gone on of late has there been anything bad to say about PDN; low debt, Fusion takeover, resource upgrade etc...................if it is fundamentals you are after then the Price/Sales of PDN of 14.17 versus sector average of 21.8 and market average of 23.1.

Latest news items:

December 02: Paladin Energy bids $17.8m for Fusion Resources
Paladin Energy intends to bid for the Australian and Toronto Stock Exchange-listed minerals exploration company Fusion Resources by an off-market bid of 1 Paladin share for 6 Fusion shares (about $A17.8 million).Fusion directors have unanimously recommended the offer, in the absence of a superior offer and willaccept for their own shares.The offer price of 36.5c per Fusion share, based on Paladin's closing price of $2.19 on December 2, implies a 59% premium on the Fusion closing price of 23c as at December 1.Fusion is a minerals exploration company with 100% ownership of several uranium exploration projects in the Mt Isa region of Queensland and a portfolio of interests in copper-gold exploration projects in north Queensland.Fusion is expected to have a closing net cash balance of at least $14 million at the end of the offer period.

November 21: Paladin increases uranium reserves 17% to 29.3Mlb U3O8
Paladin Energy Ltd has extended and upgraded its Kayelekera mineral resource in Malawi, increasing the ore reserve by 17% to 29.3Mlb U3O8 and extending the mine life by 20% Kayelekera measured and indicated resources are now 22.2Mt at 0.08% U3O8, compared to the previous 15.3Mt at 0.09% U3O8