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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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Comment by rahtidon Feb 27, 2018 12:09pm
301 Views
Post# 27629130

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Shares are not worthless

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Shares are not worthlessYou're right about cease trade orders that involve Canadian Shares. This situation is different in that Paladin is an Australian Co. that listed in Canada. Because of the DOCA the Canadian shares were allowed to be exchanged for ASX shares at the 2% end result. Your account should show the new quantity of shares and a Australian price quote. 
I decided to dissolve my position prior to the change for the tax loss. Primarily because when you do sell in Australian $, it will be exchanged into U.S. $ before you get your funds in Canadian. The double loss on the exchange rate plus a 3 figure commission fee told me the hassle wasn't worth the few bucks I might end up with.
The post by Patreer57 explains it well.
Bullboard Posts
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