Yes Buck I think many traders are trying to pear back losses from GFC... Uranium looks to be near last to pick up out of the hard commodities yet i believe it will. Or i would have offloaded. Some other uranium plays have been picking up, yet with the slowness of the JORC estimates from Dr P & Co this play has been trailing.
Hopefully Dr P makes up on this by producing one hell of a JORC. Directors buying 'On Market' in huge amounts a couple of months ago is a big factor for me. Putting your money where your mouth is... I beleive they have an a notion of what they will produce in the JORC well before released.
Now if the BUY 5 million dollars of shares On Market a week before a JORC release it raises suspicions. Yet 3 months down the track- no so much- IMO.
In terms of Nuclear Energy it is more emissions friendly than many other forms of energy. Yet many brokers agree that we are a good 5 years away from any sort of real conversion. So it is no long time play, yet I am surprised it has remained so low and been stepping down so much in the later part of 2009.
Deep Yellow's time will come... Come On Leon the Festive Season is now over- no more excuses. Release your JORC findings and GET MOVING..... Much too slow- IMO. Regardless of the Festive Season excuses.
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