PDN 5.94% $8.20 paladin energy ltd

Destined for ASX 300 again, page-22

  1. 2,502 Posts.
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    JB shouldn't be allowed to run anything. He totally bungled PDN with taking on too much debt and not hedging or contracting the output and left the company exposed to the downturn in uranium pricing.

    Alex Molyneux took over a sinking ship and managed to make it worse, though he seems to ruin everything that he touches. So much so that some of the conspiracy theories about him being brought in to deliberately destroy equity value has merit.

    Hopefully the new guy is a better manager than the previous two. I'm convinced that JB and AM would still manage to ruin the company even if uranium pricing was $50+.
 
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