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« The Innocenti | Main | U3O8 Corp. & Chubut Provincial Government in advanced negotiations to partner on the Laguna Salada Project in Argentina »

Langer Heinrich sale still on the cards

28th August 2013 

PERTH ( – Uranium miner Paladin Energy was still in the market to sell off a minority stake in its Langer Heinrich project, in Namibia, if the offer price was right.

Speaking on the sidelines of the first day of the Africa Downunder conference, CEO John Borshoff said that since negotiations on the minority stake sale were terminated earlier this month, the company had received three more inquiries on the sale.

Earlier this month, Paladin abandoned its plans for a minority stake sale in Langer Heinrich, opting instead to raise some A$88-million through a share placement to institutional and accredited investors.

“The sale of [a stake in] Langer Heinrich remains an option. It was never off the table. The raising was never meant to replace the sale,” Borshoff said on Wednesday.

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Reader Comments (1)

this company has been a huge disappointment for investors over the last 6 yrs. PDN was to start turing a profit in 2009 (analysts) and the market's still waiting for a positive EPS from PDN and now 2014 is nearing. PDN must be doing something majorly wrong.PDN is being run into the ground drowning in debt and in a year or two be a penny stock. At this price now (.50 cents), why hasn't a larger firm taken them out ? Millions have been lost by investors around the world due to this poorly run company.

August 29, 2013 | Unregistered Commenterrick

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