Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
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.