Fantastic Loses by Paladin and Kimberley Diamonds

Other than Progen Pharmaceuticals, the worst performers on the Australian sharemarket were: Paladin closing the week at $9.49, losing 54 cents or 5.4 percent of share value (was the loser of the week for week 15 on the asx100 index); on the ASX200 index, Kimberley Diamonds was the biggest loser shedding 7 cents or 8.33 percent of value closing at 72 cents. The All Ordinaries closed the week at 6187.2 and the ASX200 closed at 6207.5. Paladin was previously a loser of the week. Kimberley mining was also recently a loser of the week.

Paladin Resources Limited is listed on the Australian Stock Exchange (ASX) under stock code . You can view their investor website here. PDN was listed on the ASX on 29 March, 1994. Rick Crabb is the Chairman for Paladin and John Borshoff the Managing Director. Paladin Resources is a listed company on both the Australian Stock Exchange ("ASX") and the Toronto Stock Exchange ("TSX") under the symbol "PDN" with subsidiary listings on the Munich Stock Exchange, Berlin-Bremen Stock Exchange, Stuttgart Stock Exchange and Frankfurt Stock Exchange under the symbol "PUR". Paladin operates in the mineral resource sector with focus on uranium and has projects in Australia and Africa. In line with its long term vision to establish as a uranium producer, the Company’s strategy is to identify, acquire and evaluate advanced uranium projects. Since 1998, during a period of sustained downturn in global uranium markets, Paladin had been accumulating a quality portfolio of advanced uranium projects each having production potential. The strengthening of the uranium market continues. With the looming supply shortages, strong upward pressure on uranium oxide (UO) prices is expected to be maintained offering Paladin an excellent opportunity to capitalise and become a significant supplier of natural uranium. Production has commenced on the Langer Heinrich Uranium Project in Namibia and the BFS has been completed on the Company’s Kayelekera Project in Malawi with activities for development commenced. These are believed to be the two most advanced uranium projects in Southern Africa. Kimberley Diamonds NL is listed on the Australian Stock Exchange (ASX) under stock code KIM. You can view their investor website here. KIM was listed on the ASX on 4 January, 1994. The company is involved in Diamond Mining and Exploration. Kimberley Diamond Company's mining operations are based at its 100%-owned Ellendale Diamond Project, 140km east of Derby in Western Australia's Kimberley Region. Underpinned by its growing production base, Kimberley Diamond Company is an active diamond explorer, with programs geared to maximising the cash flow generation from its mining operations within the 124 square km Ellendale Mining Lease.