Ann: Alligator River Prospective Corridors Identified at Such Wow, page-24

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RiskyBusiness

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10/12/18

20:56

Post #: 36811639
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Originally posted by GroundFloor Inv ↑

Originally posted by RiskyBusiness
It's a great company. I remain slightly concerned with CAPEX but the world will want operating mines in safe jurisdictions. AFRICA and KAZAKHSTAN don't have that going for them. I think we'll continue down in the short term but right now the markets are getting hammered and we have sellers getting out. (Big sellers). I didn't quiet time the bottom. Was almost 70% up when I bought in from 10 to 11c last year and we went to 18c - thought I picked the bottom. How wrong I was. Averaged down last week when RCF sold out. Should of know better but at this Market cap what's a cent or two between friends.

At prices 10 times higher we'll be worth 230M. 100 times higher 2.3B.... whilst slightly fanciful it's nice to dream. PDN was valued at almost 10B at one point I believe. Looked at it a while ago so I could be mistaken. Please DYOR.
When you say Africa is not a safe jurisdiction, just remember Paladin deposits were in Africa last cycle and saw the biggest gains. In other words, investors had no concerns. Namibia is a particularly safe jurisdiction.

I agree with concerns about Alligator River. I worked in remote communities across Western Australia and I know first hand how political these places a re. Similarly, NT communities are a political mine field. Just need some greens from Melbourne to interfere and get the communities activated and ready to protest. Africa you don't have this problem. You can get a permit in 6 months

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You're totally right. Namibia has always scored favourable in safe mining jurisdiction score cards.
Hopefully we don't have to many problems here.

Australia is particularly hostile to uranium companies. Sadly.

But with the U232 petition in the States hopefully we won't be impacted if there are quotas. So we'll be a preffered jurisdiction in that sense - hopefully, but we'll see. Down again today

VMY Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
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Ann: Alligator River Prospective Corridors Identified at Such Wow, page-24

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