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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Post by inves20on May 30, 2017 1:12pm

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Post# 26301240

What is the non compliance explained

TSX rules

It is simply this: the company must own more than 50% of the working mines in the portfolio.
That is up in the air right now with the piracy taking place on the one mine that is operating.
If Paladin was to re-open their other mine, they would be in compliance.

The link also shows that it could simply just re-list with the VENTURE Exchange if they wanted to.

Of course a company would prefer to stay with a TSX and not a TSX Venture, especially since they are the only foreign company to actually 100% of a Canadian uranium property .

So the fear being created by some posters is unwarranted in my humble opinion.

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