Huge upside potential, page-31

PDN's announcement on 30 July forecaset that "Paladin expects, as a minimum, to be cash flow neutral by the end of calendar year 2015"

Since then they have also repurchased $20m of outstanding bonds, thereby reducing interest costs and taking an extra step towards the goal of profitability (this repurchase was explicitly not part of their forecasts in the 30 July announcement).

The price of U3O8 is also slightly higher than 30 July (around $35.50 then versus $36.80 now).

I remember PDN management saying that they still have some one-off costs to burn in the quarter ending 30 Sept (can't remember now what those were) but they should be, as of now, making profits and that will reflect in their end of Dec 2015 quarterly report (probably announced in early Feb).