mick, ur statements make sense, but that is how it is.the reason...

mick, ur statements make sense, but that is how it is.

the reason its down here is not coz of its real 'value' or its performance as a company - its supply vs demand and sentiment. it shows no signs of going up, and the amount of shares for sale is increasing all the time as more and more see no better choice than getting out. The company has done the shareholders no favour by their behaviour in caring for share price.

it was manipulation that kept the price up in the first place, just so all the large holders could sell out high and then let their masses of shares be distributed to thousands of people who've since lost... well thousands.

sentiment for the whole market now is terrible, not just uranium stocks. what support can we expect? the selling pressure will only get stronger, so it could progressively fall to 1-2c, not just 5c.

Those $30 million are only gonna go to 2 possible places - into exploration (which has thus far done nothing much, as indicated by the SP) or into directors pockets. This is not proof the share price will remain above 5c... :(