Without reading the whole AGM, that statement is concerning by the fact of emphasis on Uranium prices rather the actual company. Prices may double over night, it means nothing if there is no correlation with the company capitalizing on it.
Eugene please read if you can:
http://www.theaustralian.com.au/business/mining-energy/as-rains-ease-ranger-takes-the-slow-road-to-recovery/story-e6frg9df-1226323264434
Now see the statement.
"First-quarter rainfall was above average, but during the past six months rainfall has been just below average, allowing ERA back into one of its mining pits earlier than flagged."
But wait don't get excited with retort yet, read this statement.
"Production for 2012 remains highly dependent on the level of actual rainfall encountered for the remainder of the year," ERA said.
Now with that said, please retract your comments on weather. I am no Meteorologist, and my comprehension skills suck to the say the least, but it seems rainfall has been below average. If you disagree please feel free to contact The Australian, or better yet setup your own weather station.
And yes if it rains the SP will POUR, we get that, my parakeet would be repeating it by now after you 150th reminder. It probably is fluent in down-ramping by now.
(Source: http://permaculture.org.au/2012/01/04/polar-opposites/)
(Source:http://4.bp.blogspot.com/_vLModKCQKbk/STiiiQmsBwI/AAAAAAAAAWY/KUPU3-pKa8o/s400/bird+poo+snow+2.jpg)
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