UCL ucl resources limited

Firstly, I am totally new to this stock so I ask long term...

  1. 688 Posts.

    Firstly, I am totally new to this stock so I ask long term holders to excuse my naivety. It came up in one of my scans for 'pennys at historical lows'.

    This has to be the riskiest, most unloved stock on the ASX! Worlds largest lead/silver/zinc deposit in a pariah state and a potential war zone. JV about to go belly up at any moment...

    I love it! It has to be the punt of the century!

    From a cursory look at their website it seems these guys are really genuine and even if they have to diversify elsewhere this has the potantial to be a multi bagger.

    Also - I note that among te 20 biggest shareholders we have ANZ, HSBC, Merryl Lynch and Societe Generale! Whats going on? Are they having a massive punt too?

    Anyway - come Monday, I am in..
 
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