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 drifter2on Jul 17, 2008 4:06pm

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Post# 15303939

RE: More info...

Good point Garth, but item wasn't posted to perpetuate a 'rumour'...
I have been in for the 'long run' for over 2 years...trading in and out.
What caught my eye in the article was "resource-rich and cash-poor".
At the same time I took into account the 30M shares picked up by GE ...
ie.(when was it going to hit the market?).
Well, some may have yesterday...over 6M shares traded on ASX, down $.54Au.

Wasn't 30M shares the amount that was in contention for the lawsuit Quite a coincidence.
Regardless, for me, PDN is currently a trading vehicle.

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