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 PUNJABIon Apr 24, 2012 9:09am

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Post# 19827659

RE: RE: RE: Fin Done Stock will be capped at $2.19

1. They had to pay higher interest to roll over the previous bonds. Which means that the cost of the company goes up, higher loss under present U.N. prices. 2. With conversion at $2.19 bond holders will not convert the bonds into shares when the stock moves above $2.19. They will simply short the stock make risk free money & continue to get interest till the bond matures. If the share price drops well below $2.19 again then they would have the option of covering their short & playing the same game again & again.

These bonds will cause some pain for the shareholders in future when the share prices start to move higher.

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