Post by
mrmomo on Sep 16, 2021 7:35am
Quite perplexing....
Hello folks, been following this company for some time because of their exposure to Uranium with their US assets. Because of this, decide to become a s/h a few weeks ago as i saw some really nice potential with this invesment. Nortec is on my list of about two dozen plays in this sector and i consider this a highly speculative investment at this time, when compared to say someone like Nexen. But i still believe there's a lot of potential regardless of the risk involved, the risk/reward at these prices in an extremely hot sector as it is now, makes this quite attractive. The only problem though, was what has occurred within the last few days.
I'm asking myself, as i assume others who've probably been here a lot longer then i, how a company & its mgmt failed to secure such a small financing for such an attractive asset in such a hot market where DEMAND for those assets is quite HIGH......and supply is quite scarce? And it gets even better, not only "failed" to secure the PP BUT they let their VERY valuable mining licence or permit for Cottonwood completely lapse. Quite perplexing indeed. Imo, what is happening is either two things, either the company's mgmt is completely incompetent or there's something much bigger at play here........So which is it? You decide.......hopefully it's the latter.
Good luck & God speed