Like I said, I work in bond markets. Paladin bonds in distressed levels, trading ~50-60 cents in the dollar depending on which series you're referring to. I came to this website to check out what punters are talking about, thought I'd register and give a heads up to the community. This is my agenda.
These are the numbers you need: $212m bond maturing in less than 5 months. $28m cash on balance sheet. $18/lb uranium price (vs. $28.50 when CNNC first invested, $40 when Hopu/CIC invested into equity/bonds). China Inc and other white knight is in no hurry to make a bid for the asset or the company. Operating cashflows are negative with the sole and best mine company has. Time is in the buyer's hands.
Anyway, I haven't really got much out of this forum, just lots of noise. Ping me if anyone prefers an intelligent discussion.
PDN Price at posting:
6.0¢ Sentiment: None Disclosure: Not Held
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