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Last time I paid attention to SIM around mid-year, they were due to start breaking into positive earnings territory towards the end of this year with significant production ramp up going forward.
Gold price up, uranium price down. In such a negative market, market takes the worse angle, this time, uranium price. when gold was down, uranium was looking to rebound, market valued it as a gold company. think just have to wait for both resources to look good before buying again.
i don't think their price has anything to do with underlying resource prices at the moment. My guess is that they are being punished for slipping on infrastructue delivery schedules. They are not producing enough to break even yet. The important milestone is going to be when they break out of hte red