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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Post by inves20on Feb 01, 2017 4:04pm

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Post# 25785503

CCO effect

Little pullback as CCO lost a big contract.
CCO will likely not mine so much U now and have an excuse to lay off people. That means with Kazatom cutting too that U prices are sure to rise from here and that bodes well for the outcome of PDN since they were the first to shut production at a mine they were ahead of the curve and now will be ahead of the rest of the u sector duing a recovery.
PDN should hit $5 range after the 1 for 10 consolidation and bond issues are put to rest.

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