I bought more today, also. The instos, who have been caught...

I bought more today, also. The instos, who have been caught napping, have decided, probably on the back of Sprott's announcement, amongst so many other positives recently, to get a large piece of the action. Australian investors, nervous nellies at the best of times, will crap their pants at the first sign of a price retreat, and have done so today, based on the tried-and-tested tactic of drip feeding tiny parcels of shares into the sell side, thereby creating the illusion of sliding demand. This is why so many 'investors' don't deserve a seat at the table. Get 'em out, I say. For those of us who have been pro-uranium for such a long time, this little hiccup is just a minor annoyance on the journey to higher profits. Today provides a good insight into the motives and experience of investors in this space - they do no research, hear something on the 6.00pm news, read something on an inside page of the AFR, then think its all going to be plain sailing to riches and early retirement.

They don't deserve to be in the game. You have to earn your stripes, and today is a good example....