Paladin Energy Ltd PALAF

Metals & Mining Industrial Metals & Minerals

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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Post by falconsrighton May 17, 2017 11:57am

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Post# 26255134

L2 analysis

Big bids are lining up at 6.5 and they outweigh the 7 cent asks now. Hardly anyone selling into the bids now. Small wall at 7 cents will get bought in one swipe before the end of the day just like yesterday with the 6.5s right before close. I suspect it was short covering and expect the same thing today. Don't get fooled. Paladins not going anywhere and has all kinds of support from it's stakeholders. DYODD and read the alternative proposal carefully. I see a huge opportunity here if you go against the grain. Buy when others are in fear. 9 cents will be here before you know it. All my opinion.

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