Hi folks. Not much news to report, there were articles this week on how much Virginia U has paid lobbyists and contributed directly to the campaigns of elected officials. The "for the ban" side has also spent quite a bit of money. It will be a very close vote, with the Governor who wants to run for president in 2016, taking a neutral position.
But here is what I think is the reason for the high vol lately. The Uranium at Coles Hill is estimated to be worth $7 billion, if they lift the ban, EFR's 20% share of Virginia U is worth $1.4 Billion. Granted, it's in the ground and it will take 7 to 10 years to develop. But $1.4 billion in ground should mean something positive for the stock price, if the ban is lifted... So I think the recent vol is investors placing their bets and the stock is churning.