cheers mate.:)Paladin managing director John Borshoff said he...

cheers mate.:)




Paladin managing director John Borshoff said he was not surprised ERA had issued a steep production downgrade.

"You've got all these companies," he said. "Every one of them is being squeezed by supply and delivery issues."

Mr Borshoff said he expected the disappointing production from Ranger would "put more froth" on the bubbling uranium price.

Paladin has made a $1 billion scrip offer for Queensland uranium explorer Summit Resources in a bid to gain full control over its half-owned Valhalla and Skal projects. And last week it increased its stake in another Australian uranium hopeful, Deep Yellow, through the off-market purchase of 10 million shares, bringing its stake in the company to 10.64 per cent.

"I very much like what Deep Yellow are doing," he said "They are developing resources and building up a strong exploration team, which few other juniors are doing."