down two dollars in less than a year, page-5

No seriously, I've been trying to understand WHY too.
Here's my take on it :

All Uranium juniors started getting very optimistic share prices on the back of the incredible Uranium price bull run.
(That run was a combination of concern over future supplies, expected increasing demand, and general resource price run-up.)

Some Uranium juniors made bigger bull runs than others because of market perception, and a distinction was made between grass roots explorers and near producers (which would cash in on the high U prices.)

MRO is seen as a near producer, in a land where there is lots of U and cheap production & easy red tape, but some sovereign risk (say, compared with Aus or even Namibia(?) ).

Thus MRO sp strongly benefitted from the bull run. For those who see it as having overshot, it may be just overshooting the other way now.

It's back to TA vs fundamentals. The development continues, the U is still there, the U demand is still there. Future supply is unclear (impact of BHP and other new mines coming onstream vs well publicised delays/problems eg Cigar Lake, and unknown timing of australian state law changes), but I think new supply won't be too much for a long time.

In other words, MRO price movement is just exaggerated version of what happening to U explorer/developers generally in response to U price fall and global speccy investment climate.

I don't know of any news that shows a particular problem with MRO but rather, symptom of U and global economy.
(I think addition of UKL will be positive.)
(and U price is going back up)

Now surely someone's got a different theory...