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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Comment by Traderdan$$$on Jul 05, 2017 11:02pm

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Post# 26437925

RE:RE:What if Paladin 'does' go belly-up?

I tend to agree. Hard to believe that after all their manipulation and investment into the mine they will now let EDF put Paladin into bankruptcy. After all they do own half the mine so they will lose out big time. Having said that, they are a bunch of crooks and never paid their share of the cost to run the mine at a loss, which I still can't wrap my head around. Why didn't Paladin go after them for $$$ owed. Must have been something in the original ageement of the purchase that excluded them from paying up. Who knows! Either way unless they step up to plate to bail P out they are toast. SAD!!!

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