Australian news, and some related international items

Australian miner Paladin backing out of deal because of share price fall

Paladin pallid at prospect of insecurity in Niger, The Age, David Symons, September 30, 2010 “…..Take a step back, and it’s tempting to surmise that Paladin’s efforts to back away from the acquisition have nothing to do with the kidnappings in Arlit……For its part, the market is overly sceptical regarding NGM’s prospects. If it goes through, the Paladin offer works out at about 15¢ for each NGM share. But NGM shares closed yesterday at 9.2¢, down 39 per cent.

September 30, 2010 - Posted by | AUSTRALIA - NATIONAL, business, uranium | , , ,

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