Tuesday, April 01, 2008
Fission was a spinoff from Strathmore (1 for 3) and I bought more for prices under 50 cents. It's been going well over a dollar in the last day or so while Strathmore has sunk to what is probably a multi-year low.
I don't know why the market is finding Fission Energy valuable (it's just an exploration company with property in Canada and Peru) while Strathmore has properties that are moving toward production. But I've decided against doing any sort of quasi-arbitrage.