Paladin Energy (PDN) released December quarter results with sales of 475,000lbs at US$31.41/lb, generating US$14.9m revenue. This was in-line with forecast sales from the previous quarter. The Company ended 2018 with US$44m cash, up from US$31m at 30 September. PDN’s Langer Heinrich and Kayelekera mines are on Care and Maintenance while uranium prices remain low. The Company has initiated a concept study on Langer Heinrich to investigate options to decrease costs, increase throughput and productivity and potentially recover vanadium as a by-product. Argonaut maintains a BUY recommendation with a $0.28 target price.
To access our Paladin Energy report please log in under the Client Area Log In at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.
