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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 WA’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
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Top 10 Shareholders

Substantial shareholders as published in the annual report.
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Total Shareholder Return as at 29/11/19

1 year TSR5 year TSR
264thBerkeley Energia20%-3%
655thKingsrose Mining-41%-34%
734thPaladin Energy-57%-25%
852ndWolf Minerals-100%-78%
733 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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Share Transactions

11/10/19
$30k Bought
29/03/19
$14k Bought
01/02/18
$0 Other
Total value as at the date of the transaction
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Revenue

48th↑Berkeley Energia$41.9m
49th↓Kingsrose Mining$35.8m
50th-Paladin Energy$32.1m
51st↑Wolf Minerals$26.0m
52nd↑Sundance Resources$25.2m
485 listed resources companies ranked by revenue.
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