PEN 2.38% 10.8¢ peninsula energy limited

Being exposed to spot got Paladin into trouble , contracts are...

  1. 695 Posts.
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    Being exposed to spot got Paladin into trouble , contracts are your bread and butter spot market in a boom is dessert. Paladin will sign contracts as they have learned this from having to liquidate its assets to stave off Insolvency including tenements, Kayelekera mine and 25% of its main asset Langer Heinrich. This was when they had high debt and the spot price was low leaving them unable to pay.
 
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