Well no. It was a factor along with too much supply coming onto the market from the existing producers as a result of high prices of Uranium. Essentially the Uranium mining industry at the time of which JB was a part of is responsible for their own demise - they upped production until prices got killed. Ofcourse Fukushima put the nail in the coffin though.
We're now seeing the exact opposite setup, whereby they are curtailing production which is creating a supply defecit as opposed to a supply surplus. At the same time nuclear and interest in nuclear is picking up across developing nations and even in developed countries.
PDN Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
