Paladin Energy Ord Shs T.PDN

Alternate Symbol(s): PALAF

Metals & Mining Industrial Metals & Minerals

Paladin Energy Ltd is an Australia-based independent uranium producer with a 75% ownership in the 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 Patterson Lake South (PLS) Project hosts the Triple R deposit, a large, high-grade and near-surface uranium deposit. The property comprises over 17 contiguous claims totaling 31,039 hectares. Its exploration projects include West Cluff, Larocque, Seahawk, Merlin, Corsair, Typhoon, 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.

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Paladin Energy Ord Shs

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Post by cosmicman46on Dec 17, 2010 10:54am

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Post# 17861821

I'm out!

They should have done a bond issue of some sort as opposed to dilution. Great for the management who have well paying jobs but this property IF it becomes a mine will take 10 YEARS!Having trouble finding a good producer or very close to producing. CCJ of couse, but they still have the Cigar Lake question. So I guess I will buy more Uranium Participation (U on toronto) Like the GLD its a pure play on uranium and the Net Asset Value reported 2 days ago is $8.21. The stock is $8.02, no brainer and no stupid management risk. Any thuoghts?

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