IMO this is just a result of the market jitters following the credit crisis in the USA. If Wall Street bounces back tonight I would expect MKY to more than recover the lost valuation today.
Personally I am off to raid my kid's money boxes to try and buy some more before the announcement comes.
Ultimately the credit crisis will have very little impact on the price of uranium and if MKY announces that it has a neat little store of the stuff the market will rerate the company in the not too distant future.
I see this as an opportunity and not a reason to panic.
Chelmsford
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