U.S. Instos smash market to buy back short positions, page-4

Since Dec 2014 Uranium spot has been fairly stable above $35 US/lb.....but it has kind of stagnated there for six months easing up close to $40 before settling back. I did expect it would climb post japan restarts but my confidence is being eroded by recent global events.

Unfortunately nuke power plants take time to construct and start consuming uranium fuel and any global financial turmoil could potentially impact/delay project construction timelines. I think Uranium has performed better than other commodities in recent times but unfortunately is not completely immune to the global economy. In addition the board have appointed an accountant with seemingly a very poor executive management track record to take the reins from the old experienced hand. Maybe Molyneux has learned many valuable lessons in the other roles that did not work out so well but IMO he is unproven at best. I expect some unknown agenda might be in play (takeover?) but soon enough we will find out.

I have a stop loss in place at 15c.

Lets see where it goes.