Paladin Energy Ltd PALAF

Big week

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I have no idea if they will or are considering a reverse.  I suspect their biggest concern with this prolonged slump in spot prices is the cash flow situation.  They must be gushing red ink.  They have a new CFO ready to slot in as soon as the results are released.  It's typical for a company to get the bad news out before the new leadership comes in.  They can lower the expectations.  They have almost a billion dollar float which allows them almost no room to issue stock to raise cash.  A reverse would allow them to go back to the market when the dust settles to raise more cash and keep the doors open.  I expect they will make some big moves with the release of this quarter and with the dramatic drop in spot since the end of March.