Argosy Minerals director snaps up more shares
Argosy Minerals (ASX:AGY) non-executive chairman, Alexander Molyneux, continues to lift his stake in the company through the purchase of shares on-market.
Company
ASX:PDN
Paladin Energy Ltd (ASX:PDN, TSE:PDN) is a uranium producer.
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Argosy Minerals (ASX:AGY) non-executive chairman, Alexander Molyneux, continues to lift his stake in the company through the purchase of shares on-market.
Paladin Energy (ASX:PDN, TSX:PDN) has outlined that MGT Resources (ASX:MGS) has received shareholder approval to acquire 30% of the Manyingee Uranium Project for US$10 million cash.
Argosy Minerals (ASX:AGY) non-executive chairman, Alexander Molyneux, has once again increased his stake in the company through an on-market purchase.
Over the past three weeks the uranium price has added over 20%.
Argosy Minerals (ASX:AGY) non-executive chairman, Alexander Molyneux, has purchased 500,000 shares on market for a consideration of $14,000, lifting his stake to 2 million shares.
Paladin Energy has made a proposal to Électricité de France.
Brandon Munro commented: “We have seen a sharp uptick in interest in the uranium sector."
Paladin has commenced discussions with key stakeholders.
Paladin is a uranium production company with two mines in Africa and projects in Australia and Canada.
The group is a registered holder of circa 322 million shares, or a 13.04% stake.
Paladin continues to show it can operate Langer Heinrich to be sustainable in a low-price uranium market evidenced by significantly beating C1 cash cost guidance for the September quarter.
Phase 5 test work has confirmed optimisation potential exists, which significantly de-risks the uranium project, both technically and financially.
This FY16 result sees a point of inflexion for Paladin as it turns cash flow positive by continuing to deliver on its strategy of maximising operating cash flows.
Perth-broker Hartleys has assigned a Speculative Buy rating to the stock, with a A$0.35 12-month price target. Paladin shares last traded at A$0.17, providing significant potential upside.
Brandon Munro, new CEO for Bannerman Resources Ltd, will be looking to draw on this experience and his transactional background to progress forward the Etango Uranium Project in Namibia.
Phase 4 test work has confirmed the viability of the heap leaching process, which significantly de-risks the uranium project, both technically and financially.
Paladin quashed Reports in the media and blogs that water from a tailings facility at the mine has been released into the environment
Cauldron Energy has realised a major increase in resource tonnage and grade at its Bennet Well uranium project in Western Australia, further validating an emerging jurisdiction and prompting the company to integrate into a growing global nu