cash position estimate

31 march 2012 cash at bank US$ 96.9 M

after 29/5 Bal of bonds US274M
held back from buyback of part
of 2013 bonds US$ 81.0M

15/8/2012
Michelin deal $US 200.0 M
______________
TOTAL ON HAND $US 377.9 M
______________
BALANCE OF 2013 MARCH BONDS
TO PAY OUT $US 134.0 M

BALANCE AT BANK AFTER
2013 BOND PAYOUT _______________
$US 243.9 M APPROX
_______________

FINANCIAL STILL TO ADD IN FOR
JUNE QTR which was a record
sales period + $US ???????????

2 deals STILL TO BE ANNOUNCED

I'M QUITE SURE THEY WILL BE IN CANADA AS the Aurora prospects were vast not just Michelin

The prospects held are

Michelin,( receives US$200mill held as security but may be more to this deal)60.1% is held as security

Jacques Lake,

Rainbow,

Nash,

Inda and

Gear

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a good profit already
Aurora prospects cost

CAD260.87 million via the issuance of 52,097,937 ordinary shares in Paladin. So do the currency conversion
and remember NO CASH was paid for these prospects all shares swap at

at CAD 5.007 per share

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so we will hear no more talk of Paladin having CASH PROBLEMS AT THE END OF 2012.....

THE remaining bonds are die in 2015 and 2017 as I recall

2 more deals and they are well and truly covered and

I'm sure these are defacto JV development deals.....

The Nuclear Power Industry needs guaranteed supply
And Canada now sells uranium to uranium hungry CHINA

The USA has to import URANIUM

I'd expect any JV deals to be carried free to production with PDN being the minority owner.......PART OF A BIG WHEEL..rather being a small wheel sitting out there exposed to all comers

looking better from now on........

no figures given are exact but close as they come from asx reports....
regards
al1