pdn featured on smh, page-2

Great news.

As per SMH article,

"Paladin's biggest priority at the moment is selling down a stake in its flagship Langer Heinrich mine in Namibia.

The sale process will help pay down debt, and Paladin had expected to complete a sell-down by June 30, but was forced to extend the process until late August.

Mr Borshoff said the delay was due to strong interest from bidders, rather than a lack of interest".

Clearly, the recent sell down in shares, prompted by concerns over little interest in a sale, was totally unnecessary. With strong interest in a Langer Heinrich stake, the selling price should exceed anything expected prior to the end of June, and contribute to an increase in share value, beyond the $1.00 mark seen over 10 days ago.

JB also highlighted the real reason Paladin shareholders will benefit from forthcoming increases in demand for uranium, that is that supply continues to remain restricted in the medium term due to the high costs of entry for new suppliers.

WE are well placed to reap any benefits arising from the upcoming growth in uranium plants (note the UK is to expand its uranium power plants as well)and the shortages of supply. With a stronger balance sheet position imminent, this is a great place to be IMO.




Read more: http://www.smh.com.au/business/paladin-boss-extending-his-pay-cut-and-his-contract-20130702-2pa04.html#ixzz2XwCg9TDg