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.

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Paladin Energy Ltd

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Comment by moongroveon Dec 01, 2016 11:09am

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Post# 25540189

RE:Will they survive?

I personally think they should survive. I mean their 24% asset sale should help cover 90% of their debt. Why would a company not negotiate a better deal if their survival is on the line? Their assets are worth a lot more than their debt. I understand it might be a very difficult time now for most investors, but if you're willing to risk what you have left in this company for a ridiculous amount of future gain, hold on. Paladin has the highest leverage to a rise in Uranium prices. I am personally holding. Good luck to all the longs!

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