Paladin Energy: Gearing Up For Langer Heinrich Restart In 2024

Arnaud Bertrand/iStock via Getty Images Introduction

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 […]

Click here to view original web page at seekingalpha.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.