@Hotwolf: you're welcome to your opinion, but you're comparing apples and oranges. Paladin have been trying - and succeeding - to see through the bad times, caused almost entirely by factors outside their control, specifically the spot price of uranium and the Fukushima incident.
Citi, on the other hand, were in deep shite due to their unrestrained greed, dodgy derivative trading, bad calls on property deals and loans, and generally bad financial management.
And the scale is also somewhat different - Citi received multiple BILLIONS of "bail-out" money, free, from the taxpayers.
Paladin have rearranged their own finances, and sold of a piece of one asset.
Personally, I would have preferred to see Paladin sell its North Queensland deposits, the Summit reserves, to Areva or whoever else wanted to bid for them, rather than part of Langer Heinrich. But the deal has been done.
Paladin are getting themselves through a difficult time. Citi got an enormous handout - and nobody, to this day, really knows where the money went. Probably to bonuses to their genius analysts...!
PDN Price at posting:
56.2¢ Sentiment: LT Buy Disclosure: Held
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