OTCQX:PALAF - Post by User
Post by
Bdiddyon Oct 29, 2006 4:19pm
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Post# 11576637
Attn: highhair re: Kazakhstan
Attn: highhair re: Kazakhstan
World Wide Minerals (WWS) would beg to differ on your comments about the Kazak government being resource friendly. WWS has been suing the government since 1997 or so when the government took over a project they were involved in in which they say they spent $23 million dollars developing. WWS says that they had up to $350 million pounds of uranium in the deposit that was theirs, and would have been able to be mined at low cost. As of March of this year they figure they are out $3.7 billion dollars or something like that. I remember reading somewhere that the property went to someone who had suspected mafia connections. It might have been on the WWS bulletin board. Anyways, I lost a few thousand dollars of Brex profits on the company, and I would never knowing invest in the country. Maybe the government acted totally legal but the optics on the whole situation looks very bad to me and there are plenty of other places to invest.
bdiddy