The Nut Shell
Paladin Energy (OTCPK:PALAF) has set an impressive record by developing not one, but two greenfield uranium mines into production and implementing two expansion projects in the past eight years. The associated growth in yellowcake output has catapulted Paladin Energy from junior mining status into a select group of large-scale uranium miners within just a few years.
There is a lot to like about Paladin Energy as we are intending to detail in due course, with the exception of the dark shadow of a seemingly unsustainable debt load hanging over the company and sucking the mojo out of the share price. Falling uranium prices and reduced margins in combination with high debt had started to...
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