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PDN, PALADIN ENERGY LTD
blacksheep
post Posted: Dec 6 2018, 10:05 AM
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Also examining the potential for vanadium recovery as a bi-product at LH

QUOTE
PALADIN TO OPTIMISE LANGER HEINRICH FOR RESTART DECISION
Highlights

- Paladin commences concept study to optimise Langer Heinrich in preparation for
restart decision

- Concept study followed by prefeasibility study (PFS) (collectively, the Optimisation
Studies) will examine opportunities for improvements to mining and processing at
Langer Heinrich to decrease costs, increase throughput and productivity and
examine potential for the recovery of a Vanadium bi-product


- PFS expected to be completed in 2019

- Langer Heinrich restart decision dependent upon a sustained uranium price
recovery


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Apr 29 2018, 03:38 PM
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In Reply To: blacksheep's post @ Apr 27 2018, 01:41 PM

Interesting that “stubbornly low” U prices were said to be largely responsible for the PDN decision to shutdown it's Namibia mine, yet Cameco reported yesterday they have swung back into the black, partly on the back of improved prices.

QUOTE
Canada’s Cameco (TSX:CCO) (NYSE:CCJ), the world's largest publicly traded uranium producer, swung back into the black in the first three months of the year thanks to improved prices for the commodity and the company’s efforts to lower costs.

The Saskatchewan-based miner posted Friday net earnings of $55 million, or 14 cents per share, compared with a loss of $18 million, or 5 cents per share, in the first quarter of 2017.

Revenue jumped to $439 million from $393 million a year earlier, owed in part to uranium prices climbing about 25% to $42.92 per pound, while sales volumes rose nearly l6% to 6.6 million pounds.


http://www.mining.com/worlds-top-uranium-m...eco-back-black/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Apr 27 2018, 01:41 PM
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In Reply To: blacksheep's post @ Feb 1 2018, 01:29 PM

Well, that didn't last long - Paladin Mark II. A few months after recapitalisation/relisting PDN has flagged the closure of its Langer Heinrich mine in Namibia in response to “stubbornly low” uranium prices. U prices have been "stubbornly low" for a great number of years - makes one wonder what the point of rebirthing PDN really was. Deutsche Bank seems to have ceased being a substantial holder - lucky for them, . Where to from here - will there be a PDN Mark III?

Uranium prices force Paladin into Namibia mine shutdown

Stuart McKinnonThe West Australian
Friday, 27 April 2018 9:19AM
https://thewest.com.au/business/mining/uran...n-ng-b88818422z



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 16 2018, 06:05 PM
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In Reply To: arty's post @ Feb 16 2018, 01:08 PM

Lucky you indeed. smile.gif

Any investors who held before the VA might at least now get a small % of their investment back - if they are smart.

I wouldn't contemplate touching.

I see Deutsche Bank already engaging in stock borrowing/return - https://www.asx.com.au/asxpdf/20180215/pdf/...m38664l1mkm.pdf
Recent Top 20
QUOTE
MR JOHN ZECKENDORF (TRUSTEE OF TRUST 1) 278,427,256 16.26
MR MATTHEW DAVID WOODS (TRUSTEE OF TRUST 2) 255,868,723 14.94
BURLINGTON LOAN MANAGEMENT DAC 211,630,482 12.36
HSBC INSITUTIONAL TRUST SERVICES (ASIA) LIMITED 195,728,635 11.43
MR HAYDEN LEIGH WHITE (TRUSTEE OF TRUST 3) 135,452,297 7.91
CITICORP NOMINEES PTY LIMITED 126,840,070 7.41
DEUTSCHE BANK AG, LONDON BRANCH 58,704,230 3.43
CS THIRD NOMINEES PTY LIMITED 49,909,025 2.91
THE BANK OF NEW YORK 49,295,507 2.88
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED (GSCO ECA (PID: 20057) A/C) 41,115,343 2.40
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED (PID: 20057) A/C) 38,846,902 2.27
COWELL & LEE ASIA CREDIT OPPORTUNITIES FUND 37,348,527 2.18
BLUEBAY FUNDS: GLOBAL CONVERTIBLE BOND FUND 30,990,406 1.81
BLUEBAY GLOBAL CONVERTIBLE BOND FUND (CANADA) 29,027,764 1.69
GLOBAL CONVERTIBLE BOND FUND, A SERIES OF DSBI -
GLOBAL INVESTMENT TRUST 18,560,266 1.08
MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED 18,074,616 1.06
BLUEBAY STRUCTURED FUNDS: TOTAL RETURN
DIVERSIFIED CREDIT FUND 16,305,215 0.95
DEUTSCHE BANK AG, LONDON BRANCH 13,892,398 0.81
BLUEBAY STRUCTURED FUNDS: GLOBAL MULTI ASSET
CREDIT FUND 13,583,908 0.79
CHENAVARI EUROPEAN OPPORTUNISTIC CREDIT
MASTER FUND L.P 7,957,242 0.46
Total 1,627,558,812 95.02




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
arty
post Posted: Feb 16 2018, 01:08 PM
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In Reply To: blacksheep's post @ Feb 16 2018, 12:32 PM

QUOTE
Back from the dead. Can't believe it's up 330.85%

The sp gain is based on the pre-suspension trades. Considering the holders lost 98% of the NUMBER of shares, even with the sp increase, they're down more than 90% by VALUE of their holdings.
Glad I had sold all of mine in 2007 and didn't return since.

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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)

Said 'Thanks' for this post: nipper  blacksheep  
 
blacksheep
post Posted: Feb 16 2018, 12:32 PM
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In Reply To: blacksheep's post @ Feb 1 2018, 01:29 PM

Back from the dead. Can't believe it's up 330.85% - DB pumping it? Hope it doesn't go the way of PDN MarkI.

Revamped Paladin Energy soars on long-awaited return to ASX
Stuart McKinnon | The West Australian

QUOTE
Long-suffering shareholders of Paladin Energy who lost 98 per cent of their investment when it collapsed last year will take some heart from seeing the stock soar on its re-listing today.

Shares in the recapitalised uranium miner opened at 15¢ when it rejoined the boards of the Australian Securities Exchange this morning after an eight-month suspension, more than three times higher than the 4.7¢ at which it last changed hands.

The stock traded in a wide range between 15¢ and 26¢ this morning with investors struggling to come to grips with what might be considered fair value for the restructured company.

At 9.40am, the stock was trading at 22¢ for a market capitalisation of about $374 million.

Paladin was recapitalised under a deed of company arrangement, which gave control of the uranium miner to its bondholders and creditors under a debt-for-equity swap.

The deal wiped its $US740 million debt but cost ordinary shareholders in the former company 98 per cent of their shares

Under the restructure, Paladin struck a new $US115 million bond issue and will begin its new life with about $US70 million in cash as well as all its previous assets.

Deutsche Bank has emerged as Paladin’s biggest shareholder with a 16 per cent stake after buying debt in the former entity from French creditor EDF.

Rick Crabb will remain chairman, joined by new directors Daniel Harris, John Hodder and David Riekie. Alex Molyneux will resign within three months.

Mr Crabb said the company’s future rested with the low uranium price, noting the bondholders’ decision to take equity in the company reflected their bullishness around the future price.

Mr Molyneux said some were predicting a “pinch point” for the uranium market in 2019/2020, considering it to be “the last shoe to drop” in the commodities market.

https://thewest.com.au/business/mining/reva...x-ng-b88747084z



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Feb 1 2018, 01:29 PM
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Paladin Energy set to emerge from administration

extract
QUOTE
The end result will be bondholders and Deutsche Bank, which acquired Électricité de France S.A's claim, taking a 98 per cent stake, which includes a 70 per cent share for existing bondholders, another 25 per cent for buying the company's new bonds and 3 per cent for parties underwriting the new bonds.

Deutsche Bank will be Paladin's biggest shareholder with a 40.7 per cent stake, while other substantial investors include Value Partners Hong Kong (10.7 per cent), JPMorgan (9.1 per cent), BlueBay Funds (6.9 per cent) and Leader Investment Corporation (5.6 per cent).

Paladin's existing equity holders, including HOPU Clean Energy, will retain the final 2 per cent.


Read more: http://www.afr.com/street-talk#ixzz55p7sBIhb




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: abner29  
 
early birds
post Posted: Jul 10 2017, 09:59 AM
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In Reply To: blacksheep's post @ Jul 8 2017, 07:58 PM

go back 8 plus years ago, you can see my post for this one.....
i were screaming that time---to short it ---from 8 bucks all the way to little over 10 bucks. the price is too good to be true then.
so sad that i didn't hold that shorts , it was a big position for me at that time!! weirdsmiley.gif

singing that Queen's song
https://www.youtube.com/watch?v=rY0WxgSXdEE
lmaosmiley.gif



 
blacksheep
post Posted: Jul 8 2017, 07:58 PM
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In Reply To: blacksheep's post @ Jul 3 2017, 08:47 PM

Paladin Energy: from market hero to administration
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http://www.afr.com/business/mining/uranium...20170706-gx6a84



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 3 2017, 08:47 PM
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In Reply To: arty's post @ Dec 4 2015, 08:32 AM

Sad day for for shareholders, but was only a matter of time unfortunately

QUOTE
APPOINTMENT OF ADMINISTRATORS

Paladin Energy Limited (Paladin or the Company) (ASX:PDN / TSX:PDN) today announces that the board of
directors have appointed Administrators to the Company and the other related companies listed in the
attached Schedule (together, the Relevant Companies).

Matthew Woods, Hayden White and Gayle Dickerson, each of KPMG have been appointed as Administrators
to each of the Relevant Companies.

Further to the Company’s announcement earlier today, following receipt of the demand from Electricite de
France S.A. (EdF), the boards of the Relevant Companies met and resolved to appoint Administrators.
The Company’s management and directors remain committed to working with the Administrators on a
restructure and recapitalisation of the Company.

The Administrators will immediately undertake a financial and operational assessment of the Relevant
Companies and intend to continue to operate the company on a business as usual basis until further notice.
Shareholders are requested to continue to monitor ASX announcements as to progress with the
Administration generally




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  Varmi  
 
 


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