Paladin Energy Ltd (ASX:PDN) has issued a statement to the market dismissing rumours that have had a devastating impact on their share price.
The uranium miner acknowledged rumours relating to the status of the LHM Stage 4 expansion feasibility study, the company’s financing arrangements and potential capital raising and the sale of the 6.71% shareholding held in Paladin by Newmont Mining Corporation.
The company says Paladin’s financing facilities remain in good standing and is not contemplating any further capital raising.
In the first six months of the 2011 financial year, Paladin Energy booked a net loss of $33 million.
