Ann: June 2016 Full Year Conference Call Presentation-PDN.AX, page-43

I read this today at http://www.*.com.au/companies/news/...osition-as-a-global-uranium-leader-70666.html

They don't appear to feel negative about PDN.  I wonder what the basis of the shorters strategy is?

QUOTE

Analysis

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.

By minimising operating, corporate and administrative costs and preserving the long-term life of mine plan, Paladin is positioning itself for a sustainable future.

As costs continue to decrease, Paladin is increasing its leverage to an increase in the uranium price.

The uranium market liquidity is improving and the outlook remains robust with the supply-demand dynamic becoming more favourable.

Japan continues its restart of reactors and producers are cutting back on production and deferring projects.

Paladin has guided to further lower C1 cash costs in the September quarter to US$20-22 per pound of uranium production.

ENDQUOTE