its an interesting price collapse. not being a fan of sudden changes in direction myself, its apparent that leigh is keen to be unpredictable. which may be great for penny stocks, but when your looking at the types of investment houses they want to align with, risking 4.3% of the company to speculate on the uranium market is IMHO something that will keep the phone ringing... and you dont want to be getting calls from the sorts of people that he would be getting right now..
long term,the game is the same, and locking 4.3% of the company into a uranium speculation bet unhedged is likely to be something LC will be known for and be answering for for a long time to come. when you become a little unpredictable then your going to see money move away and more in the hands of the speculators... so expecting some volatility into the future as things shift.. but i wonder how many bridges LC has burned and how much loyalty he may get into the future, it would be come evident next directorship vote as to how popular this little episode has been..
NXG Price at posting:
$10.91 Sentiment: Buy Disclosure: Held
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