Paladin Energy: Gearing Up For Langer Heinrich Restart In 2024

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In 2017, I expected Paladin Energy ( OTCQX:PALAF ) to face very difficult times as the company was facing a liquidity crunch . Now, six years later, Paladin is getting ready to restart the production at its Langer Heinrich uranium mine in Namibia which was put on care and maintenance in 2018 due to the low uranium price. Paladin has cleaned up its weak balance sheet and was able to raise A$200M in an equity financing in 2022 although it estimated it only needed about A$116M in capex to get the mine up and running again. As we are now getting closer to the reopening of the Langer Heinrich mine, this could be a good moment to update my view on the company. Yahoo Finance Paladin Energy has its primary listing in Australia where it is listed with PDN as ticker symbol […]

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