Steeles Royal

what to do with Paladin Energy (PDN) stocks?

pokergod

Member
Apr 15, 2007
614
0
16
So I go these stocks when my father passed away. At that time he was already taking a loss and when I got them the price was about 1.25. Today its at 46-47 cent which really sucks. I don't really need the cash and there isn't really anything left of the value of the stock. I don't know much but I'm thinking of just letting sit there and hopefully it goes back up since I don't think I haven much to lose now.
 

saxon

Well-known member
Dec 2, 2009
4,762
528
113
Best to hang on. This company has a cash flow problem, but they do have a producing mine and a few other promising properties. At some point I believe this one gets taken over, they have good assets but management got too deep in debt at a time the price of uranium tanked. I do own FCU in the uranium space. I think PDN has good enough assets to avoid going bankrupt, just have to wait till the uranium price picks up or someone comes calling with a takeover offer.
 

richaceg

Well-known member
Feb 11, 2009
16,123
7,796
113
if you have nothing to do with it...sit on it. Uranium is in a hiatus...God knows for how long...
 
Ashley Madison
Toronto Escorts