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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 HiFinanceon Oct 13, 2009 9:25am
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Post# 16383393

RE: RE: RE: $5. before week's end

RE: RE: RE: $5. before week's endI don't know the spot price of uranium...but TD puts it this way..."The weakening U.S. dollar makes commodities - which are priced in the U.S. currency - cheaper for international investors and increase their appeal as protection against inflation."

Although its a little six degrees of separation, could Uranium go up simply because the US dollar is sliding?
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