Just been reading the day trading thread and found this article...

Just been reading the day trading thread and found this article by pjsimon Post #: 109232:

What I like is the fact that the costs doubled for Paladin.

Kind of makes it look interesting for a projected low cost producer like PEN.

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Record production slashes Paladin pain
Xavier La Canna
August 28, 2010
smh.com.au

"URANIUM producer Paladin Energy has dramatically narrowed its full-year loss to $US52.9 million ($A59.7 million), compared with the previous year, on record sales volumes.

The loss for the year to June 30 compares with a $US480.2 million loss in 2008-09.

RBS Morgans resources analyst Lyndon Fagan said the latest result was a little below his expectations.

Paladin posted record uranium oxide production of 4.32 million pounds, a 60 per cent increase on the previous year.

The company had previously said it planned to expand its uranium production from a targeted 7 million pounds next year to 14 million pounds by calendar 2015.

In its report to the stock exchange yesterday, Paladin said it achieved record sales volumes for 2009-10, 84 per cent higher than the previous year.

Sales revenue for the year increased 78 per cent to $204.3 million, but the cost of sales more than doubled, from $53 million to $131.6 million.

''During the year the company continued its strategy of placing more uranium into the term market,'' Paladin told the stock exchange.

Shares in Paladin were down 2 at $3.71. "