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 reelnorthon Sep 28, 2011 4:36pm

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Post# 19095348

RE: Now down to 1.18

The cheap russian U3 is almost depleted from the decommissioning of the old warheads. With the price of U3 down so low, there is a lack of new supply coming on line, and China & India are building new plants. Keep in mind that all the CURRENT nuclear plants need U3 as well.

There is no debate in international markets that there is a coming 20% - 30% shortage of U3 starting in 2013. I have waiting so long for PDN to drop to these levels, I could be happier having taken a medium position today. PDN will be fine or will be taken out for a premium.

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