Good question....my guess is the answer is down to one of the following:
1) Uranium stock prices are down in the rest of the world, while for Australian companies it's continually going up. Needs to retrace at some point.
2) The appreciation of the AUD. A percentage change to the price of Uranium is worth more in the US than AUD. This is impacting companies and miners in Australia. As most cash is handled in $US.
3) May is renowned as a month when the market sees a correction. Uranium has been on a great ride, but it can't sustain this level forever. Don't be surprised if the market crashes in May and we see a correction.
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