Ann: Letter to Shareholders and Holding Statements Sent, page-13

Just fell off my chair after reading the following from the Chair:

Whilst we have had a tumultuous time brought about by relentlessly low uranium prices, Paladin is much better positioned going forward as a result of the Restructure and initiatives we have taken to continue to reduce operating cost. At the same time, we’re seeing ‘green shoots’ in the global uranium market as a result of various supply cuts announced at the end of 2017.
We know that in the mining industry the longest and most savage bear markets often set up the longest and best bull runs, and to call the last few years in the uranium market ‘savage’ would be an understatement.
Paladin remains uniquely positioned as a large independent pure-play uranium company operating the strategic, tier one Langer Heinrich Mine plus a leading suite of exploration and development assets.
This has been a challenging period for Paladin and its shareholders. On behalf of the new board of directors, I thank you for your patience.

Yours faithfully
Rick Crabb

Chairman


That's five minutes I'll never get back, might send him an invoice. Now what to do with my 40000, no wait 800 shares – big call I know.