UCL 0.00% 30.0¢ ucl resources limited

andrewe this looks mighty tempting but the sovereign risk looks...

  1. 18,601 Posts.
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    andrewe this looks mighty tempting but the sovereign risk looks enormous....what do you think are the chances this will get up given the current climate? I agree IF it gets up the upside is mind boggling but we have the prospects of US bombing / trade sanctions / and if Australia joins with US as per usual the Iranians would surely strip the asset off them? your thoughts...this is why it is 6 cents and not 50 cents plus....I am happy to be proven wrong I will probably by anyway, I see it as a 10-1 shot that could pay 250-1 so still good value if that makes sense?? cheers
 
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Currently unlisted public company.

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