I have spent some time looking at long term forecasts for uranium supply and demand. The conclusions of the reports I read suggest that demand is likely to exceed supply in the not too distant future. While long range forecasting is often an exercise in looking stupid, given that uranium has taken a beating in recent times, I decided to purchase some shares in Paladin (ASX: PDN). Based on today's fundamentals, PDN is not something I would normally look at (I prefer companies that actually make money now), but if the forecasts are correct (or enough people believe them to be correct), then the shares could go for a nice run.
This is all pretty speculative, so I have kept the investment small - basically the dividends that have accumulated from my other Australian shares over the last couple of years.
I paid AUD1.03 per share.