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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (112608)4/25/2008 10:45:51 AM
From: Veteran98  Read Replies (2) of 313046
 
No kidding it's a casino out there.... you take your chances no matter where the jurisdiction.... I bought this one many years ago as a shell made killing when it resumed trading now it looks like it's a shell again except it issued pisspot of shares for what is now a worthless property ouch

Globe says Boss Power hit by B.C.'s uranium ban

2008-04-25 05:19 MT - In the News

The Globe and Mail reports in its Friday edition that British Columbia has slapped a moratorium on uranium exploration and development in the province. The Globe's Wendy Stueck writes the ban, announced Thursday, makes B.C. a no-go zone for uranium and confirms a moratorium put in place in 1980 by a previous government responding to anti-nuclear sentiment in the province. That moratorium lapsed in 1987 but subsequent governments did not move to update it, as companies focused their exploration campaigns on other metals. There was also a widespread view that uranium production would be unpopular in the province. That changed in recent years, as uranium prices more than doubled and climate change concerns put emissions-free nuclear power plants in the spotlight. Several companies, including Boss Power, dusted off uranium projects that had been explored decades ago with an eye to bringing them into production. The government's decision comes as a surprise and contradicts assurances Boss had received that it would be able to take its project to public hearings. "We did not know this was coming," Boss spokesman Rupert Allan said, adding the decision makes the company's Blizzard deposit worthless.
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