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Mark Di Stefano

Citi does a $100m Paladin trade in the pouring rain

The bank’s sizeable trade came less than 24 hours before Paladin announced unseasonable rain at its African mine.

Mark Di StefanoColumnist
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A touch before 12:30pm last Thursday, more than 15.3 million shares changed hands in Perth-based uranium miner Paladin, led by CEO Ian Purdy.

Broker data shows this was a market trade executed by Citi, and with a price of $6.60 it represented a tight 4 per cent discount to the last traded price of $6.88.

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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
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    Original URL: https://www.afr.com/rear-window/citi-does-a-100m-paladin-trade-in-the-pouring-rain-20250324-p5llx2