As I posted yesterday, if someone bought only $130K at the moment we'd be back to around $1. So in the grand scheme of things the price drops also only represents a small amount of money too.
As of Feb 18th the uranium spot price was $75 US
http://www.uxc.com/review/uxc_Prices.aspx
Which is also another factor as to why the share price is down. Also our dollar is strong, or rather the $US is weak.
I think all these factors will turn around at some stage. There is still long term pent up demand for uranium, the $AU can't stay strong against the $US for ever and the $US economy will turn around once George Bush goes and they get some confidence back.
CUY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
