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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Post by Overnighton May 14, 2014 7:35pm

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Post# 22562821

So many longs in trouble

As many bought in at well over a dollar they see no short term relief for Paladin. But on the other side Paladin is actually in no immediate trouble as even at these low spot prices they can tread water for quite some time as they are producers(unlike most others) who just jumped in to explore when spot prices skyrocketed. Never listen to experts as they have no more sense of the future than I do. Spot should go down as desperate small timers are forced to sell to buy time.

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