Financial Review Investor section 23/10/05 p8.
Hot Stuff - picking out the shares that sizzle
"Quentin Timms, senior research analyst at Ord Minnett, predicts uranium prices will rise from around $US33 a pound to somewhere in the "forties".
Located in Namibia, Paladin has the first uranium mine to start in 20 years, giving it the unique advantage that its contracts will be an average of the spot and contract prices when signed, unlike other producers, which get a lower past price, he says.
When combined with an open-share register, this must also make Paladin bait for other uranium players."
Retrace is a fantastic opportunity for topping up or to enter for long term hold. Too late to be queing up for it in the pre-open when the takeover starts.
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