Uranium mining’s horrible year continues – Paladin and Uranex
Paladin raising fails to impress, SMH, Peter Ker, September 30, 2011 “……Paladin has endured an annus horribilus this year, as an easing uranium price, rising costs, reduced production targets and concerns about debts have savaged the company’s share price to barely a quarter of its former value…..
Paladin closed 14¢ lower at $1.17, the company’s lowest share price since June 2005….
Paladin is not the only uranium play seeking funds. Uranex wants to raise $4.7 million through a placement to institutional investors and a share offer to existing shareholders….
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