PDN 3.75% $10.52 paladin energy ltd

what's going on?, page-6

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    Uranium producers are highly geared to global growth and the spot price. Both are currently languishing and predicted to either potenitally worsen or stay the same into 12/13. May change - but it won't be for some time and in my view, little chance exists for any upward signals for many months. eg. The French economy is showing signs of great weakness - a pivotal makret for U suppliers - the world's 2nd largest consumer of uranium.
 
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