Auscan,,yes nice find,,but lets get things in perspective,,, this is Africa and investment is all about political risk versus reward ,,,as RIO says to justify its recent foray into northern Congo.
Have a look at Afrol news recent article on Mauritannia where a similar power play by the incumbant government has been potentially resoved by the intervention of no less than the UN, European Union, African Union demanding return to constitutional order. This was bolstered by pressure from democratic forces form within as well just as is happening in NIger as we speak.
There maybe a break through this week end in Niger with a high powered delegation from surrounding countries convening there.
The french(production 2011/12), and chinese (uranium production next year) are heavily invested so alotta pressure from them to I imagine.
Bottom line regards Nigers politics goes is that internal and external forces have taken the call to resolve things this weekend.
Regardless the north of Niger is still under military protection even though peace has been restored country wide,,, so the uranium companies are protected.
And uranium mining has taken place continually in Niger for past 30 years,,, can't see this changing.
I hold.
NGM Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
