Paladin Energy Ltd PALAF

Metals & Mining Industrial Metals & Minerals

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 AfterGlowon Mar 02, 2008 8:46pm

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Post# 14582449

RE: Needs to take out 6..

The recent jump in price was front running before the U.TO announcement. Now that it is out, the smart money is selling into the news, IMO. It doesn't help that the U.S. market is down another 100 points in overnight trading and the winds of war are whipping up in the middle east. Long term fundamentals are still strong - but that doesn't preclude a near term pullback on profit taking.

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