Paladin Energy managing director John Borshoff has sold more than a quarter of his stake in the company but says he remains confident in the outlook for the uranium sector. Mr Borshoff has offloaded 6 million shares in the company, raising $5.6 million, to release funds as part of the management of his personal financial affairs. He continues to hold 15.8 million shares in Paladin currently worth about $15.2 million.
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