Uranium and PaladinI have been a shareholder in Paladin since...

Uranium and Paladin

I have been a shareholder in Paladin since 2007. In this time the shareprice has gone from a high of $10 down to $1.23 as of yesterday. However every 3 months Paladin management do a flash update and always talk of this looming supply crises and the price of Uranium is about to go crazy. However the price of Uranium keeps dropping as well as Paladin shareprice.

I read 100s on 100s of articles on uranium however I wonder if some of the forecast is right for the sector.

1/ Future net nuclear reactors of 95 by 2020.
- China has still not approve their restart of building new reactors.
- Even France under the current government looking to close down 23 reactors by 2025
- Alot of the planned nuclear reactors won't get funding to even start building or the public will stop the projects.

2/ On the supply side in 2002 the world mined about 95 million pounds and use about 175 million pounds.
In 2012 the world mine 140 million pounds and use 165 million pounds. So in the last 10 years the uranium demand has drop while supply has gone up 50 %.

3/ What I have read nobody knows how big of a stockpile russia has of uranium. (America has quite a big stockpile which might be use in the future to sell to raise funds)

4/ If the price of Uranium did increase lots of companies would bring new mines on and flood the market again.

At the end of the day I very hope PDN and the nuclear sector does well. I sure CEO John knows the sector a million times better than me. However he has been wrong so far on the price of Uranium increasing.