PDN 5.94% $8.20 paladin energy ltd

From AFR Today: "ASX-listed Boss Resources has sold its stake in...

  1. 55 Posts.
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    From AFR Today:

    "ASX-listed Boss Resources has sold its stake in its African gold project to its Canadian joint venture partner.

    It is understood Boss is set to announce it has agreed a deal to sell its 49 per cent interest in the Burkina Faso-based Golden Hill project to TSX-listed Taranga Gold Corporation.

    For Boss, funds raised were expected to be plied towards the company's primary focus; the Honeymoon uranium project in South Australia.

    Boss Resources is seeking to get Honeymoon back into production in coming years, having recently taken full control of the project. Honeymoon was last producing uranium in 2011."


    This is interesting news, maybe the producers are sensing the market has changed from supply side issue to a potential increase in real demand going forward?

    The key is to see whether Paladin will take its Tier-1 mines out from current Care and Maintenance.
 
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