PDN 1.62% $11.55 paladin energy ltd

1 million bidder at 164., page-11

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    http://www.theglobeandmail.com/globe-investor/investment-ideas/features/eye-on-equities/new-air-canada-carrier-a-slight-negative-for-transat-analyst/article2339449/

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    The ramp-up to full production at a pair of African mines should drive earnings and cash flow for the remainder of Paladin Energy Ltd.’s (PDN-T1.810.084.62%) fiscal year, says CIBC World Markets Inc. analyst Ian Parkinson.

    The uranium producer’s Langer Heinrich (Namibia) and Kayelekera (Malawi) mines are near completion, and feasibility study results for the Langer Heinrich Phase IV expansion will likely be the next major news for the company, says Mr. Parkinson.

    “The continued progress towards nameplate production at both mines has progressed well over the quarter and the continued success will be imperative for the company to generate positive cash flow,” he says. “Help from the uranium price is also expected. Look to these two in 2012 for key catalysts.”

    Upside: Mr. Parkinson is maintaining his “sector outperform” rating and $4.30 (U.S.) target price.

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