Paladin Energy Ord Shs T.PDN

Alternate Symbol(s): PALAF

Metals & Mining Industrial Metals & Minerals

Paladin Energy Ltd is an Australia-based independent uranium producer with a 75% ownership in the 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 Patterson Lake South (PLS) Project hosts the Triple R deposit, a large, high-grade and near-surface uranium deposit. The property comprises over 17 contiguous claims totaling 31,039 hectares. Its exploration projects include West Cluff, Larocque, Seahawk, Merlin, Corsair, Typhoon, 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.

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Paladin Energy Ord Shs

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Comment by Kman83on Oct 18, 2014 10:44pm

273 Views

Post# 23041208

RE:Good balance sheet for paladin

believer123 wrote: Paladin should be ok at least until these damn japan reactors get back online - net assets are greater than total liabilities by about 500 mil based on 2014 financial statements ...

@believer - Do you think the balance sheet or cahs flow is more likely to Paladin's problem?

I feel their problem will be a cash flow issue, not a balance sheet issue.

True they can always try to sell assets from the balance sheet to raise cash, but that directly devalues the company (and our shares). And it is hard to sell assets at a fair price if buyers know that Paladin has to sell the asset to survive. Look at the effort it took to sell 25% of the KM mine.

KMan

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