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
when will they learn?, page-7
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