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Langer Heinrich uranium mine in Namibia

Paladin Energy into administration

Uranium miner Paladin Energy, which at its peak was one of Western Australia’s most valuable companies, has lost its battle to stay afloat after creditor Electricite de France demanded repayment of a $US277 million ($A370 million) debt.

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Cornwall, UK
There is hope for Paladin. However, draconian measures need to be taken. I had the rare opportunity to visit Langer Heinrich a few years ago and made the following recommendations for restoring profitability: 1) get competitive quotes for contract mining of the ore; 2) critically look at sourcing supplies from India, China and Turkey; 3) get competitive quotes for the transportation of workers from the mine to Swakopmund and Walvis Bay; 4) the office building in Swakopmund is too palatial, underutilized and expensive; and 5) a CEO who has gone through such downturns in the selling price of yellowcake, and emerged victorious, needs to be appointed.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
38thPaladin Energy272%-26%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

01/02/18
$0 Other
31/08/15
$20k Bought
07/08/15
$195k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Paladin Energy$127.8m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Paladin Energy

870thRick Crabb$112k
1490thMark Chalmers$1k
1491stCraig Barnes$410
Ranked by total remuneration from all listed WA companies

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