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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
Comment by inves20on Jan 30, 2017 5:48pm
177 Views
Post# 25774773

RE:Interesting today

RE:Interesting todayWhat is  "a little curious" ?
So someone averaged in and someone probably took a profit.
These are not big trades as the proposed 1 for 10 consolidation would only amount to a 50,000 new shares block, out of say 200,000,000 or so new shares.
Those that are doubting the deal with current bond holders will not come to pass, are kidding themselves, the deal is already a done deal, or else the company would not have announced it.
The company is not going under and uranium prices under  theTrump era WILL ROCKET UP as uranium will once again be viewed as a strategic metal in a weapons build up world wide program. The Japanese and Chinese reactor new build and re-cores will also help push demand.
The USA utilities are also running low and will need to start buying for future.
 
Bullboard Posts