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 bridgetonowhereon May 25, 2013 2:48pm

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Post# 21441282

RE: RE: RE: RE: RE: RE: BofA Merrill Lynch: Underp

@stockvader - Every significant stock out there is rated by somebody. Obviously when ratings range from underperform to outperform. somebody is going to be wrong. It looks to me like the BofA analyst is trying to cover his behind in case he has to explain an error in his rating. It's a lack of conviction in his conclusion in my opinion. If the analyst was confident with his conclusion, he would have used PDN's actual uranium sales price realization as the basis of his work instead of using the compromized spot price. I mean, why would he use a theoretical price for his work instead of the actual price, and then say........"but the theoretical price could change and invalidate my conclusion."

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