Problem is two-fold in my opinion.1 - Overall market is in...

Problem is two-fold in my opinion.

1 - Overall market is in correction mode and the stocks most affected are speculative stocks where people are sitting on good profits - these are the first to be sold off and in many cases good news is seen as a chance to sell into rather than the other way around.

2 - Uranium sector itself is in decline which is understandable given the massive run it's had over the last couple of years. Spot and forward prices of U continue to be smashed and may come off a further 15 - 20% IMHO until we see some stabliliy.

On the upside, these prices are still historically very high and good projects will still be viable but the pretenders will be found out very quickly.

I currently hold BLR but will be assessing whether to get out based purely on these facts.. unfortunately I missed the spike to 24c yesterday which given current market conditions was a screaming sell and has proven to be so.

Good luck to holders but it's alla bout capital preservation at the moment..

Large and mid cap iron ore and diversified miners on the dips for me.

Will get back into U when the worm turns but will not try to pick bottoms.