Uranium industry says setback a temporary ‘speed bump’

The Australian reports that the uranium sector is being overstated with the recent Japanese nuclear turmoil.

The market news is quoted as saying:

Warwick Grigor, executive chairman of BGF Equities, said the market panic that saw uranium stock prices plummet by more than 50 per cent was not a concern and should be considered an investment opportunity.

“I think it’s a speed bump that might go on for a few months but it’s natural to expect it,” he said.

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