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At the same time our own advertisers offer between $50 and $75
Apart from that, many ads look fairly targeted to our site.
Actually I was only viewing a report for referrals, may be the first question should be does someone else experience such a long time for rendering a reports for referral page? In the meantime this page has grown to 5MB with 6000 available referrals.
Google has preselected some ads for me which are not availabe in the referral list on the adsense interface.
AND I got a CONVERSION on one of the automatic selected ads. It may be noted that I did not select these ads for which I got a conversion, so maybe G does know best as to what to dispaly. After all they have tons of data to mine, while a publisher has only very limited data and some instinctive understanding of the website.