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 shiftmanon Feb 23, 2014 10:36am

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RE:Where is PDN going from here?

Paladin Paladin is in trouble. The company does not make enough money to pay long term debt, due to low uranium prices. Can they go bankrupt. yes will uranium prices rise maybe who knows. are shorters a problem? yes they made money driving the price down, will they go long now very unlikely did Pal dilute its shareholders? yes every chance they got over the last 4 years. Did management cut pay? yes to preserve cash why did paladin do all these things? They don't make enough money to pay long term company debt!!!!!!!!

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