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.

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Paladin Energy Ltd

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Comment by madbiker44on May 28, 2007 9:48pm

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Post# 12853739

RE: Bad news for Paladin

A minor issue that will indeed scare a few small time investors off but, the long term pospects remain the same. Most likey another good buying opportunity over the next two or three days. I've committed at least two years to PDN as an investor which, in my opinion, should see a triple from current prices. No doubt there will be hickups along the way as with any growth company. PDN has the added benefit of excellent management with amazing foresight. This is evident with the SMM takeover. Queensland U308 policy will not last forever. John and the team is preparing for the the inevitable with the SMM takeover. This is a good news story folks with strong growth ahead. My current resource picks are PDN, FNX, FNI, CML, and BWR, all on the TSX. Cheers and all the best...Mad

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