3;31 pm fridaybuys side 2.7 m sell side 2.69 m last sale...

3;31 pm friday
buys side 2.7 m sell side 2.69 m last sale 119.5
volume turnover 10.5 m approx

axo -112.2

market over all totally rattled by whats happening in greece.....

Pdn problems resolved

uranium still needed for nuclear reactors....

currency devaluation safeguards Pdn earnings on sales as they are contracted IN US$

currency devaluation lower costs for products manufactured /produced inside the country

has no affect on imported items as they will be paid for in US$ held offshore.....just subject to forex moves in the US$

market sentiment over all very low......

margin calls on big ticket stocks taking their toll across the market....

recall of lent stock will shock the shorters.....

good luck....hard times hard decisions ...seen it all before..but its not as bad as it seems...its just the greeks and spain is a minor headache.......

placement was $1.20
new conv bonds just issued face value US$2.19 face value due in 2017


plenty of cash in the bank

no banking covenants for the small bank facility...

plenty of uranium inventory to keep customers supplied


two operational plants.....plus more assets...

talks under way with potential investor/buyers for some assets

so don't worry

for me this is a buffett style buy.....no one else wants its....and its fundamentally sound one buys on the lows and sits it out