not the expected carnage

Paladin energy pdn
open high low close auction close
166 174 163 166.5 166.5

vwap at close vwap after auction

165.92 165.94

total trades at close total after auction
17,018,811 17,825,318
total auction sales
806,507 (66 sales)

total trades at 166.5
2,504,757 (714 trades) highest for the day

after auction
buys sells
4,584,555 3,221,520


...................................
volatile trading but not the predicted carnage....

Nab disclosed that as at 10/02/2012
nab HELD 41,911,420 shares or 5.016%

................................................

BUT remember they have inventory at 31/12/2011 they value at US$ 187.1M (pg42)
They also mention low production costs of US$31/lb
The bulk of production originates from LH

They further state

NEW CONTRACTS signed for delivery of 2.8M/lb from 2012 to 2016 at pricing from MID to LOW US$60/lb (Pg2)

............................
MEDIA REPORTING

In reviewing a large number of media articles I found only ONE that mentioned that PDN had produced a PROFIT of US$ 3.2 M....That was Yahoo

The Australian was very careless in its reporting of the facts and instead opted for sensational headlines.

Hard to have missed the PROFIT statement as it was on Pg 2 in HIGHLIGHTS section....

I sent them an email on the issue with a copy of my breakdown of the report (the report issued was 64 pages).

No way could that reporter have read the report properly and then written an accurate article..

As expected I have received no reply ...and never will....

Good luck to all....just another small glitch...but NO SHORTAGE OF BUYERS




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