well i sent him an email as a wake up callthe email is set out...

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