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 madbiker44on Feb 20, 2008 10:10am

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Post# 14398800

My Thoughts on The N.R.

I don't see the share price exploding after this announcement, maybe a few cents to the upside from yesterdays close. After all, it is only an announcement on a J.V exploration program. What I do see however, is an agreement with the world's #1 U308 producer which, in my opinion creates more credibility for PDN. This in turn, relates to more senior focus and investment dollars in PDN stock going forward. The other upside is of course, proving up another quality U308 project within a couple of years. PDN will continue grow with much greater value being the outcome for the longer term investors....

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