when will they learn?, page-7

  1. al1
    2,034 Posts.
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    The $120 million LOSS was an IMPAIRMENT cost associated with the WRITE DOWN OF
    THE KAYELEKERA MINE ASSET that
    occurred in the previous quarter ended sept 2011
    The write down was considered NECESSARY as a result of the REDUCTION in
    uranium prices POST FUKUSHIMA
    Company recorded US$3,.2 m PROFIT after tax for the qtr ended dec 2011 COMPARED
    to a US$ 17.6m loss in the comparative qtr as a result of HIGHER SALESVOLUMES and PRICES
    as well as LOWER OVERHEAD and FINANCE COSTS
 
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