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PALADIN ENERGY LTD
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PDN	John, The company's performance have been very disappointing in the last 6 months. Although the Japan nuclear disaster was a temporary setback, much of our underperformance cannot be attributed solely to it. Current realised uranium price is not far off pre-crisis levels, and production levels are 33% higher (despite missing forecast) - yet our share price is at GFC lows. Investors are concern about the following : 1. Changes in Namibian government policy giving all future licenses to state owned miners. Does this affect future exploration and expansion of Langer Heinrich? 2. Moratorium on the Michelin project - when the acquisition announcement was made, there was no mention of the moratorium. Was management aware of it, and felt that the odds of a favourable review was worth the C$260mil punt? Can you update us on the review in March 2011? Thank you for your attention, i look forward to your response.	Login or signup to read the answer!	04/09/2011 EDT

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