PDN 1.63% $12.65 paladin energy ltd

cash position estimate, page-4

  1. al1
    2,005 Posts.
    lightbulb Created with Sketch. 31
    well i sent him an email
    as a wake up call

    the email is set out below
    ------------------------------

    PALADIN CASH POSITION AT 15 AUGUST 2012
    AFTER MICHELIN DEAL ANNOUNCED

    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

    -----------------------------------------------------------
    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

    -----------------------------------------------------------------
    BONDS OUTSTANDING
    11 MARCH 2013 BAL US$ 134 M COUPON RATE 5% (EFFECTIVE INTEREST RATE 7.13%)
    5 NOV 2015 BAL US$ 300 M COUPON RATE 3.625% (EFFECTIVE INTEREST RATE 7.47%)
    30 APRIL 2017 BAL US$ 274 M INTEREST 6%pa paid every 6 mths in arrears...
    bank debt
    LH US$ 129.7 M
    KM US$ 98 M
    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
 
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