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Paladin Energy Ltd PALAF

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

Bullboard Posts
Comment by shiftmanon Apr 16, 2014 10:14am
348 Views
Post# 22457741

RE:Help!

RE:Help!Paladin problem is debt. They have huge debt problem. They have sold assets to keep operating. As long as the spot prices are depressed they can't pay off the debt. If Japan starts some reactors it will be a positive sign. However japan has a stock pile of uranium so will it help that much it will remain to be seen. Paladin will remain depressed until 2016 when the spot prices raise as stock piles come down. But will their debt increase in the mean time I believe it might. The thing I am watching for is a reverse split as they have too many shares outstanding. This action would ruin many small investors. I read somewhere that Paladin could show a profit in 2016 as U prices come back. I don't know how this can be predicted accurately. My view of things.
Bullboard Posts