New investors should be aware that PDN is in no better position...

New investors should be aware that PDN is in no better position than when at 4.7c before administration. In order to remain a going concern PDN is relying on left overs from the $115 note raise after paying back $60M to Deutsche Bank and all other costs of administration etc. That means there is less than $55M left to cover running at a loss of approx. $8M per quarter, that is 1-2 years only. Unless spot price doubles or asset sales can now suddenly be achieved PDN will go broke again by then. They even state this (note:"for the next 12 months")

GENERAL
Paladin confirms that, having raised US$115m through the issue of new notes and extinguishment of the majority of its debt obligations pursuant to the restructure, it is in a strong financial position and able to meet its financial obligations for the next 12 months without having to raise any additional capital.