Antinuclear

Share price downward spiral for Paladin uranium miner

Paladin slumps on big loss, The West Australian May 16, 2012, Shares in Paladin Energy slumped to a near seven-year low after the uranium miner reported a $137.6 million loss for the nine months to the end of March because of a $133 million writedown on its Kayelekera mine.

The company also reported a $17.5 million loss for the three months to the end of March, compared to a $13.5 million loss over the previous corresponding period…… Paladin’s share price has been under pressure since last year’s Fukushima nuclear emergency in Japan, which significantly weakened sentiment towards the uranium sector.
Investors have also been concerned by Paladin’s high debt levels.

May 16, 2012 - Posted by Christina Macpherson | business, uranium