This is an incredible uranium play if you do a bit of research.
There are four main things I like about it:
1. Very out-of-favour sector, but an absolutely essential commodity for future energy security.
2. Triple-A management (Shane Stone, Ian Murchison, Simon Trevisan)
3. Hand-picked scientifically targeted uranium portfolio, ownership of the most prospective uranium exploration projects across all of Australia. Of particular interest is the Paroo Range Project in close proximity to Paladin's Skal deposit (5KM east) and Paladin's Valhalla deposit (15KM east). Rum Jungle also looks promising.
4. Cash-backed (over $1 million), low shares on issue, low market cap, Top 20 hold 78% of the stock - including Transcontinental Group.
http://www.transrg.com.au/
The only downside is it's a struggle to get *any* shares at these levels after Katana Capital started buying up big.
http://www.katanacapital.com.au/
**Credit to Fibonarchery who drew my attention to it long ago, had it on my watchlist ever since.**
RGU Price at posting:
1.1¢ Sentiment: LT Buy Disclosure: Held
