Hi insidemoney,
I understand the frustration, but if you look around GGG signed a JV with the Chinese giant Shenghe resources, if I recall correctly this was last year and they are still waiting for their licences and still could be months away (I hope not).
Also, from my understanding Tiris is subject to finance, however still it’s not the point.
Licence or no licence, given that the price of uranium is at $22.25 that leaves us with very small marge of profit which would make production unreasonably risky and therefore a not very appealing prospect for any potential JV.
However based on various recent news the Uranium sector may enter in a deficit cycle this year, that will definitely trigger a significant price increase.
WRT Tasiast gold exploration licence, well we have covered the problems of the recent changes in the Mauritanian government, not much we can do about that. Furthermore there is no news anywhere (and believe I have looked) regarding the licence and a potential dispute with the government or other entitie(s), so we can assume that is still progressing, worth asking the company it’s been long enough.
Haggan, that is the beast at its earliest stage, Peter has just announced the new listing(s) and this will take time and money, like all these other projects, I think we should greatful that management are cautiously advancing these for us, any other way would be reckless.
IMO patience with this company as the potential to be very rewarding, on the other side impatience could be regrettable.
Either way I wish you the best of luck.
I am going long and strong
