just what we didn't need..!, page-28

The shutdown of Japan's nuclear capacity really has had a massive impact on supply availability creating a genuine short term glut.

Lots of large projects on the shelf. That's time supply can never get back. Meanwhile lots of other nuke plants consuming and Russian MOX supplies almost dry (apparently).

The upcoming crunch on global supply is undeniable, which may make it impossible for all of Japan's reactors to restart anyway.

As with all investments, it is all about timing. To be fair to Mr Borshoff, noone could have foreseen the massive earthquake in Japan.

That is why he finds the company in the position where it must make some very hard decisions. You can also thank the shorters for making the raise as dilutive as it is.

Paladin has a $40 odd million dollar writedown on its Summit asset coming in October unless it develops a strategy that stops manipulation occuring with its shareprice to the downside.