PDN 10.8% $10.40 paladin energy ltd

macquarie downgrade, page-9

  1. 127 Posts.
    Hi Kacy

    As I see it Macquarie has not distorted any facts. PDN played on the nine month comparison but in 9 months to Mar 2010 Kayelekera was still at ramp-up stage. The periods are not comparable!

    Period Production lbs.
    Sep-09 744,188
    Dec-09 987,310
    Mar-10 1,157,366
    Jun-10 1,442,851
    Sep-10 1,362,712
    Dec-10 1,466,932
    Mar-11 1,401,842

    Cheers
 
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