Paladin Energy into administration

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.