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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
Post by uranicynicon Apr 28, 2014 11:30am
331 Views
Post# 22498007

Here's one

Here's one https://www.fool.com.au/2014/04/28/paladin-energy-ltd-ten-network-holdings-limited-and-vocation-ltd-buy-hold-or-sell/

Buy: Paladin Energy Ltd (ASX: PDN)

Uranium remains the only environmentally and commercially viable energy alternative to coal. However nuclear disasters such as Chernobyl and Fukushima have many concerned around the safety of using uranium.  However the current use of uranium as a major energy source is often underestimated, uranium is used as a major energy source in many countries including America, France, Russia and China.

The uranium spot price remains below US$40/pound which is a level that simply can’t support the longer term exploration and mining of uranium. The uranium spot price has a volatile history and with a number of nuclear reactors coming on-line and being approved for commissioning, I expect the uranium price to be back to US$80/pound within the next 12 – 24 months, as supply begins to fail meeting demand.

Paladin has somewhat concerning debt levels, however if the uranium price does climb back to US$80/pound and above, then Paladin is in a prime position to benefit. You may need to be patient and have a medium to long-term view but if the supply of uranium does dry up as expected then Paladin should see its share price climb back above $1.

Bullboard Posts