PDN 0.64% $10.14 paladin energy ltd

Despite Paladin Energy releasing its June 2012 quarterly...

  1. 13 Posts.
    Despite Paladin Energy releasing its June 2012 quarterly activities, reported record levels of uranium production at both its Langer Heinrich and Kayelekera operations, there is negative chatter. Any thoughts

    http://www.smh.com.au/business/resource-companies-face-cash-crunch-by-christmas-20120802-23ice.html

    "The uranium miner Paladin is in a more difficult position, with $125 million in bonds due to mature just seven months from now, and just $US96.9 million in cash at last report. Paladin had a $US120 million loss in the six months to December 2011, and with uranium prices recently slumping to a multi-year low, the company is discussing asset sales and other options to enable it to meet its debt obligations."

 
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