Company Overview and News
With the political transition in power that favors the Republican party underway, there is postulation on the future. Opinions differ, and in some cases, could diverge from the facts. One issue that has an abundance of attention, that may be erroneous, is that of infrastructure spending.
Paladin Energy (ASX:PDN, TSE:PDN) has resolved to enter into a proposal to restructure its balance sheet providing the company with an opportunity for a clear runway into the next decade.
Yesterday I added a small piece of Purepoint Uranium (OTC:PUMGF) to my portfolio at a price of $1.18. This is in keeping with my strategy to add several junior uranium explorers to my portfolio as part of a basket to provide upside exposure to the uranium boom. I may scout a few more junior explorers in the near future, but at the moment my speculative uranium plays are confined to Purepoint and Northwestern Minerals.
Paladin Energy Ltd (ASX:PDN) has finished the FY16 year with record low uranium C1 cash costs and has achieved its objective of being cash flow positive excluding one-off items. Paladin owns 75% of Langer Heinrich, the world’s fourth largest open pit uranium mine located in Namibia. The company achieved a C1 cash cost of US$25.88 per pound of uranium and an all-in cash cost (AISC) of US$38.75 per pound of uranium.