Hi Archer, I thought the uranium price would be going up through 2014 because of the Japanese restarting their nuclear power plants, Chinese constructing reactors and a squeeze on supply because of the Russians not converting weapon grade uranium to fuel. I thought some mine development had stalled and even some mines had closed or reduced out put. I presume this had all been anticipated and we have an excess now not a shortage.
The share price has already increased this year and I am not confident of some type of buy out. I would have thought the share price might go up on speculation about the court out come or some form of settlement. May be this is now neutralised by a falling uranium price and what I suspect is nervousness about markets generally.
But everything I think is just a guess based on what I gather from the media. I have held since 2009, we are coming down to a critical stage. I wont panic but I will keep the sell button in mind.
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