Wednesday, May 27, 2009

Uranium One Problems in Kazakhistan

Uranium One (TSE:UUU)is twisting in the wind. Arrests are being made naming Uranium One's 30% ownership position in corruption charges. But strangely enough the charges as yet do not name Uranium One. The President and CEO Jean Nortier insists they are the victim. To say the least this is not a jurisdiction that plays by sophisticated legal concepts. Everyone wears a black hat. This is the ultimate in geo-political risk. Muscle rules. Uranium one does not have any.