PDN 1.21% $13.01 paladin energy ltd

In the June 13th reportProduction is progressing on an upward...

  1. 84 Posts.

    In the June 13th report
    Production is progressing on an upward trend with 200,000lb plus 70,000lb of dryer stock expected by end of June.
    This was a shortfall of 130,000lb shortfall of the targeted 400,000lb production target for June 30th 2007.

    30th June report
    Drummed production at 30 June 2007 was 119,586lb U3O8. Production was below the 200,000lb expected for this period (end of June) due to a dryer problem late in June (since resolved) which resulted in significant product being retained in process stocks which could not be drummed until early July

    Yes it is difficult get a new plant up running and yes they have the management team to get it right but facts are facts and the report yesterday wasn’t good in regards to production targets.

    I can assure you JB will not be glossing over the production shortfalls with his Operation team.
    Having been an Operational Manager I know exactly what my backside would be feeling like right now. JB will not like having to have made this statement given what he said on June 13th.
 
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