The situation in Mali is only starting to heat up i.e. round 1, and it is spilling over into other countries as well.
"I think the worse case scenario has been factored into the stock price."- 100% diasagree with that point DL. There are so many things that can go wrong and even much worse things can happen especially if they start heading into Bamako. What's stopping them doing a hostage scenario at either Anglo Golds or Rangolds facilities like they did at the Tiguentourine oil and gas facility in Algeria.
Worst case scenario is a long way off. The SP will be subdued until clarity and calm prevails. This could take a while but on the positive side the resource is still there, and bargains could be snapped up on PIR, especially if the SP heads down.
PIR Price at posting:
$1.49 Sentiment: None Disclosure: Held
