Wednesday, April 17, 2013

Paladin sold - loss taken

Yesterday I sold my small shareholding in Paladin (ASX:PDN). Given that the company is expected to continue to make losses at current uranium price levels and the (IMHO) likelihood of increased supplies of oil/gas from unconventional sources allowing politicians to delay decisions to use more nuclear power, I have lost confidence in my original investment thesis.

Add in the fact that the shares were trading at 20% below my purchase price and I decided it was better to cut my losses.

I received AUD0.80 per share.

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