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 noble13on Dec 11, 2009 9:52pm

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Post# 16580215

RE: Paladin downward trajectory

Papineau, please educate me. I'm curious how an aquirer can drive the stock down and accumulate a bunch at the same time. Seems to me they'd have to sell a lot more than they buy to drive the price down giving them less shares in the end. Now, driving the stock down without accumulating is a whole different situation. "We offered 60% more than the closing price" is a common refrain in the case of a buyout. Didn't really seem to matter that the stock was trading 50% higher a mere month before.

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