nuclear-news

Paladin loss, as uranium price slips

Money Sept 2 09
…….- Paladin’s loss was greater than the broker expected, given greater ramp-up and exploration costs. With cashflow tight Paladin has been forced to draw down on its debt facility although first half FY10 inventory sales mean it’s just a bridging deal.

Paladin’s realised uranium price was also lower than expected given a higher level of spot over contract sales. As the U price continues to drift and the Kayakelera ramp-up remains slow, the broker sees no positive catalysts. Hold retained on slightly lower earnings forecasts.

FN Arena Broker Call Headlines – 2 Sep 2009

September 3, 2009 - Posted by Christina Macpherson | 1, 2 WORLD, business and costs | antinuclear, nuclear, nuclear costs, radioactive, uranium