Taken from PRMarket conditions have become increasingly challenging over the past five years. Primary supply has simply not responded to decreased demand, and coupled with an abundance of secondary material available today, the uranium market continues to be oversupplied. As a result, prices have remained under pressure, and because we don't know how long the current weak conditions will persist, we must manage the company with that uncertainty in mind.
This is from the best run uranium company in the world. So in my opinion there is more down side an much more, this situation is not going to change over night regadless of what the anylest an Rick Rule's of the world say they have been 100% wrong for five years straight.
I will be a big buyer of CCO just not yet.