DJ MARKET TALK: US Uranium Sales Plans Hit Paladin, ERA
0454 GMT [Dow Jones] Paladin Resources (PDN.AU) down 42 cents, or 5.8%, at A$6.79 with
dealer saying report in Wall Street Journal that US will sell down part of its uranium
stockpiles and hence drive prices lower, is affecting stock. Notes that while PDN has run
to A$7.45 from A$5 in last 2 months, news causing some caution, despite US Energy Dept
first proposing plans in August. Rival producer ERA (ERA.AU) also off in last 2 hours,
down 5.5% at A$17.48. (WEL)
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(END) Dow Jones Newswires
December 11, 2006 23:54 ET (04:54 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.
Tuesday 12 December 2006 15:54:51:290 AEST
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