Tim Treadgold: Paladin rides the uranium wave - Stockhead: It would be an odd investment decision to buy shares in a mining company that has closed its mines but Paladin Energy is not an ordinary miner. It’s a proxy for the recovery in uranium, a rival with coal for the title of world’s least-loved commodity.
Once a darling of the mining world with a share price that reached $8.25 in early 2007, a time when uranium was selling for $US140 ($191) a pound, Paladin (ASX:PDN) then crashed to 5c in the middle of last year, a fall of 99.4 per cent, perhaps a record for an ASX-listed stock which has lived to tell the tale.
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