GREY:SCPZF - Post by User
Post by
currency24on Jan 29, 2013 8:26am
219 Views
Post# 20903959
RISKY/Surprised/Need to do Homework
RISKY/Surprised/Need to do Homework I am surprised and find it extremely risky the Sprott took a large position in Virginia Uranium - VUI - this is a very hot subject in Virginia and in the US in general. It is risky to bet on lifting the ban on Uranium in Virginia and US in general. Very strong opposition, I don't care what VUI says - the 28 Jan Washington post notes the project may not be voted on this year - The title of the story says the Bill is stalled.
Even if it passed, which I doubt, then there are the courts.
A bad bet, funds should have been invested someplace else, unless the Sprott investment is a quick flip, buy at 42 and get out in the 60 cent range, where it trades now.