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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Comment by inves20on Mar 10, 2017 12:03pm

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Post# 25963881

RE:This could be unpleasant:

I don't think the outcome will be unpleasant.

The temporary suspension of quotation will be at least until the end of March in paragraph c.

Therefore the company is protecting all the bond and shareholders against this piracy.

That state owned entity had the opportuity to buy up to 49 % of the mine and didn't and because they were too greedy and thinking they could get around other countries laws that would limit them to minority ownership stake in a strategic asset. They will now be forced to either sell off their LH holding or accept the new shares. They are not going to steal this mine from the French or Australians.
The workers in that mine are not going to want to work for a human rights abuser either.

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