Hi Jlivermore..
A few points of order..
Paladin is not "losing money hand over fist"....there cost per lb was 29/lb at LH and $39/lb at KH......significently lower then the current low spot price.....IT was trading at a cash flow negative level till now as it was reinvesting cash to expand production....now all the capex has been spent....A loss will still be recognised for last financial year as they are taking a non cash impairment charge of $180m....
source - http://www.marketwire.com/press-release/paladin-energy-ltd-strategic-and-operational-update-tsx-pdn-1817196.htm
Also Namibia and Malawi are relatively very safe jurisdictions mine uranium.....Look at NIGER where you have an insurgency ...7.5% of the world uranium comes from NIGER....or Kazakistan where you have a dictatorship who could nationalise you any day.....
Also whilst borshoff did sell down his shareholding last year...he is still holding around 16 Million shares...if you were in that guys shoes....wouldnt you also want to diversify a bit of your wealth in elsewhere?
source - http://www.smh.com.au/business/borshoff-collects-some-cash-as-paladin-shares-head-south-20121116-29ho8.html
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