quarterly out, page-9

50ft CAT, I can tell you from experience that having someone on the inside is not as handy as what you think! For example you could trade on info that only a hand full of people know about and find the shares trend in a different direction for the pure fact that the masses need to know to move the price! Having just retired from an ASX 50 company I can tell you that knowing what I knew did nothing to help me profit on that company, IE the outstanding fundamentals. Shares are traded by the masses and unless the info you know is known by the masses which gets a reaction then the share price will not move in the direction you perceive. Noting that ERA should lock in a higher uranium price when the contract is renegotiated and the bonus in the weak AUD$ I fully expect ERA to trade to around the $17.50 area just on a fib retracement basis. The $9.35 low yesterday was significant support level for a rally! A rising AUD$ and perception that the AUD$ has bottomed also gives overseas investors confidence to invest in aussie resource companies, of which ERA/PDN are in the best sector (alternative energy) to invest!