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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Comment by lenticularon Jul 31, 2007 11:44pm

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Post# 13183383

RE: PDN down big on ASX..tqzo

It is very simple. The U stocks are reacting to a lower price for uranium in the future (below 100 in the short term). I suspect PDN is at a level now that reflects this and that the stock is getting close to a bottom (other U stocks have a ways to fall yet..I have been short SXR for weeks and continue to short it). If PDN goes below 6.30 on the TSX on Wednesday I may start nibbling.

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