Paladin Energy Ord Shs PALAF

Energy

Paladin Energy Ltd is an Australia-based independent uranium producer with a 75% ownership of the world-class long life Langer Heinrich Mine (LHM) located in Namibia. The Company also owns a portfolio of uranium exploration and development assets in Canada and Australia. Its segments include Exploration, Namibia and Australia. The LHM is located in central western Namibia approximately 80 kilometers (km) east of Swakopmund and 85 km northeast of the Walvis Bay major deepwater harbor. Its exploration projects include Michelin, Manyingee and Mount Isa. The Company, through its subsidiary Aurora Energy Ltd, holds a 100% interest in over 98,320 hectares of mineral exploration licenses. These are located within the Central Mineral Belt of Labrador, Canada. It has a 100% interest in the Manyingee Project. This project is a sandstone hosted uranium project consisting of 41 Mlb across two deposits. It wholly-owns a project comprised of three promising uranium exploration sites in Queensland.

OTCQX:PALAF - Post by User

Paladin Energy Ord Shs

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Comment by davidyon Oct 16, 2006 3:01pm

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Post# 11510135

RE: The Case AGAINST Uranium?

Enerman, you are spot on in your thinking - or at least we are merely in step and both wrong!

But I don't think so. I have come to the conclusion that we MUST get away from burning fossil fuels as soon as we conceivably can, and that the way forward is renewables and nuclear (for the electric base load). In terms of fossil fuels, our societies are like heroin addicts. If coal was a tenth of the price it is now we would just abuse it more than we do already. So-called "environmentalists" opposition to nuclear power is misguided, in that it will slow the expansion of the nuclear power industry and, therefore, lead to more CO2 and particulates spewing into the air we breath. This is a large part of why I am in this sector. Uranium is more than just another energy source folks. This is also why I am utterly convinced that nations will seek to build strategic stockpiles of U3O8, and that the current and near-term producers are primed for incredible success. Why hold Au when U3O8 is so much more useful, too?