Disappointing. However I too am very keen on Uganda. SIPA just...

Disappointing. However I too am very keen on Uganda.  

SIPA just had way too much prime exploration land and has made the call, rightly or wrongly, to focus on Uganda.

Nothing commercial has been found yet at Thaduna, and still needs plenty of $$$ spent on it.
I think though when the primary sources is found, its likely to be big ( then we can do our NSR calculations).

I suspect SIPA believes its on a path to early success in Uganda, and LD's UK presentation was done in support of that belief.

Uganda is seen as a ground floor opportunity around the globe, China is building a phosphate mine and about to open a copper mine. International firms are moving quickly for Ugandan oil and iron ore,
its has its problems but is no backward country.

Stand by for good news imo.




Oscar..... optimistic SOB




http://af.reuters.com/article/investingNews/idAFKBN0K10N820141223

http://www.miningne.ws/2014/12/08/uganda-stumbles-upon-260mn-tonnes-of-iron-ore/


http://www.miningne.ws/2014/12/04/mining-development-in-africa-surging-ahead/

http://www.rosandpost.com/2014/12/chinese-firm-set-to-start-copper-mining.html

















  1% NSR