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Paladin Energy Ltd 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 Ltd
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Post by stocknutfanon Jan 04, 2007 7:32am
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Post# 11953774

Uranium Stocks Correcting

Uranium Stocks Correcting

As the TSX shrank >200 points and the Venture Exchange gave away proportionally even more, uranium stocks were crushed alongside. None of the top 20 market cap uranium juniors escaped unscathed except for URANIUM PARTICIPATION CORPORATION (TSE:UPC). Some, like ALBERTA STAR (CVE:ASX), shrank by double digits. Even relative heavyweights in the uranium sector like SXR URANIUM ONE (TSE:SXR) gave back over 8%. As I alluded to yesterday, a correction looked impending, both for uranium stocks and the broader market. One of the best comments I heard yesterday was an analyst speaking on RoBTV who said that the bearish trend might continue for a little while, because you do not just drop >200 points one day and expect things to return back to normal the next. In addition, I also hinted yesterday that dips might represent buying opportunites for uranium stocks and I personally am hoping to find some bargains in the trough of the correction.

https://uraniumstockinvesting.blogspot.com/

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Dealroom for high-potential pre-IPO opportunities