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Australian uranium miner Paladin’s share price tumbles

Shares of uranium miner Paladin dive after cancelled sale  Reuters, Aug. 02 2013,  Shares of Australian uranium miner Paladin Energy Ltd. fell as much as 29 per cent in Toronto on Friday after the company cancelled plans for now to sell a minority interest in an African mine, and instead raised funds through a private placement of shares. Paladin said it ended negotiations with a potential investor on Thursday and all other parties for a stake in its Langer Heinrich mine in Namibia. The company said it was unlikely to get the price it wanted because of low uranium prices….. Trading of Paladin stock was halted in both Canada and Australia on Thursday, pending news.

Paladin’s stock was down 28 per cent, or 26 Canadian cents to 66 Canadian cents in early trading on the Toronto Stock Exchange.

August 3, 2013 - Posted by | business and costs, Namibia, Uranium

1 Comment »

  1. Ha Ha Ha ha ha ha !!! 🙂
    best news all week…… all month.. all year imo !

    Now, how do they afford the legal fees against nuclear-newsDOTnet?
    about 700 hits a day and they are spending how much? with Ashursts the LARGE and EXPENSIVE corporate legal firm that used to be against nuclesr in 2003??
    you cant make this stuff up!!?
    Where is the money coming from??

    Comment by arclight2011part2 | August 4, 2013 | Reply

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