mediation dispute and buying

mediation progressed well and th workers are going back to work.....good result...not much down time..and skilled staff remained on the job keeping everthing functioning....

inventory reserves and part finished products will easily cover the short down time.....and it did allow for some furthur maintenance to be done...

so today for me was a buying day at these over sold levels....

went in and did a 60% increase in my pdn holdings on the low

now considering buying a few more....

fundamentals of the stock have not deteoriated but instead improved.......the company progresses along.....as does the uranium industry.......

what we are seeing is an across the board on a global scale low market sentiment.....damm greeks should build some new trojan horses fill them up and put them outside the gates of Teheran...and see if the TROY trick works again.....wood does burn...doesn't it......

todays price is below the PLACEMENT taken up by institutions in Sept 2011

that placement was at AUD$1.20 p share and raise after costs approx AUD$70 million and it had no problems being filled....just as the new conv notes had no problem being filled...in fact they were over subscribed and the new note buyer took all they could get...above what Pdn anticipated...

as for that issue....THE EARLY BIRD DATE finished on May 5

so late comers have till 22 may to sell their 2013 notes and they will receive USD$2000 less per conv note.....

Ann of acceptances will be made on 23 May 2012.....

irrespective of the low market sentiment pdn is now lower than what instos were prepared to pay......so therein you have tsee that valuations were done and now we are below those low ball valuations....

they leave a lot of room for making profits when they take a placement.......so they were facctoring in a higher value when they bought.