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Thursday
Oct132011

Paladin operating in different paradigm post-Fukushima – chair



The above chart says it all as Paladin Energy Limited (PDN) gyrates from a dollar to five dollars and back to a dollar again, as uranium stocks continue to take a pounding. Each rally brings with it a little hope that this could be it and this recent rally is no different as a future without nuclear energy would make for a very dark and bleak world.

TORONTO (miningweekly.com) – Uranium will continue to be in tight supply over the medium and longer term and prices will begin to climb again once investors have “fully absorbed and understood the short-term negative impact of the Fukushima accident”, producer Paladin Energy said this week.

In its annual report, the Subiaco, Western Australia-based company said it was “operating in a different paradigm in terms of how the investment market perceives the uranium industry”, despite the sector's solid fundamentals.

While countries including Germany and Switzerland have indicated they intend to phase out nuclear power as a reaction to the Japanese disaster, the nations with the biggest new-build programmes, such as China, have said they will continue to develop the form of energy.

Uranium spot prices peaked at $73/lb in February, before dipping below $50/lb as investors sold the nuclear fuel in March. Prices have since stabilised around $52/lb.

Paladin chairperson Rick Crabb said that the company’s Langer Heinrich mine in Namibia and Kayelekera operation in Malawi would meet production guidance for the 2011/12 year.

The company is busy with a third-stage expansion at its flagship Langer Heinrich, which will reach a yearly output rate of 5.2-million pounds early next year, it said.

At Kayelekera, Paladin produced 2.17-million pounds of yellowcake in the 2011 fiscal year and will achieve its designed 3.3-million pound rate in the 2012 financial year, as “technical challenges and bottlenecks for production have now been largely resolved”.

The company halted production at the mine in September after upgrade work on its processing plant.

Paladin has a a market capitalization of $ 1.40 billion and the 52 week trading range has seen a low of $1.07 and a high of $5.88.

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Thanks once again for your patience while we battle with the vagaries of cyberspace and the associated techno babble!

Bob K

Regarding www.skoptionstrading.com. We currently have a number of open trades at the moment however, we do not update the charts until the trade is closed and the cash is back in our account. 

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Reader Comments (3)

". . . once investors have 'fully absorbed and understood the short-term negative impact of the Fukushima accident', producer Paladin Energy said this week."

once investors have 'fully absorbed' fukushima . . . ? . . . they'll be fully invested in dirt. earth. worms. right down to their flesh'n'bones ground into our sub-atomic zoo, of molecules. particles. quarks of a quirky sort of afterlife

yes. sad that this 'short-term impact' only occurs once. and for such a long time


otherwise, producer paladin could dig for their dollars, if not from here to eternity, then the next best thing: 250,000yrs

October 14, 2011 | Unregistered Commenter1horse

Since you switched I the "click to read more" link is not visible on your daily emails for Uranium, Gold and Silver
I discovered that if I click on the link at the bottom of the email that is above the "unsubscribe" link it opens the full page and the read more link appears
Please check as you why the full page will not appear when I first open your email
Your reply would be very much appreciate
Regards
Alan

October 14, 2011 | Unregistered CommenterGENERAL COMMENT

Alan,

Thanks for this comment, we will look into it,

Cheers,

Bob K

October 14, 2011 | Registered CommenterUranium Stocks

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