PERTH, WESTERN AUSTRALIA — (Marketwire) — 11/20/12 — Paladin Energy Ltd („Paladin“ or „the Company“) (TSX: PDN)(ASX: PDN) today notes that on Tuesday 13 November Paladin management provided an investor update on its conference call presenting the Company-s September quarterly activities and financial results.
Since that presentation and conference call, Paladin has received numerous enquiries from its investor base seeking confirmation and clarification on the key matters of this update and questioning if there are any further issues that could be influencing the share price decline that has occurred post what has in effect been a quarter of positive achievements for the Company. To reiterate:-
As stated, the Paladin Board and management believe the Company is ticking all the boxes across the whole range of its activities and with its cost cutting measures will make the Company more sustainable even at low prices. This strengthening of the Company will enable it to be in full readiness to take advantage when the uranium price makes its expected recovery.
ACN 061 681 098
Contacts: Paladin Energy Ltd John Borshoff Managing Director/CEO +61-8-9381-4366 or Mobile: +61-419-912-571 +61 (8) 9381 4978 (FAX)
Paladin Energy Ltd Greg Taylor Investor Relations Contact +1 905 337-7673 or Mobile: +1 416-605-5120 (Toronto)
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