Only a few views, the Queensland uranium plays are completely off the radar of punters despite the likelihood of a change of government and uranium mining policy. WA has shown how quickly things can turn around ...
With AREVA's 10% blocking stake and Paladin's compromised cash position, this story has a number of chapters to play out yet.
Personally think AREVA will look to pry it out of Paladin's hands. For the few remaining shares in punters pockets, could be some handy gains on offer during this. Makes it a lower risk play trading at current levels. PDN and AREVA paid much more for their respective stakes ...
SMM Price at posting:
$1.70 Sentiment: LT Buy Disclosure: Held
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