OTCQX:PALAF - Post by User
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rderkachon Jul 18, 2007 6:52pm
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Post# 13112448
Canacord Morning
Canacord MorningPaladin Resources (PDN : TSX : $7.46), Net Change: -0.25, % Change: -3.24%, Volume: 8,514,645
Fission for answers. This uranium producer slumped Tuesday, as takeover speculation came out of the stock. Early Tuesday,
Paladin squashed a takeover rumour that had appeared in Financial Review, an Australian publication, noting that it has not
been approached by Cameco (CCO). Cameco recently extended the timeline for development of its Cigar Lake project and,
until construction is back on track, we suspect that Cameco takeover rumours will continue to surface occasionally. Without the
excitement of a takeover rumour to lift the stock, focus has shifted back to recent declines in the uranium price and the ongoing
ramp-up of the Langer-Heinrich mine in Namibia and the Kayelekera development project in Malawi.