General Discussions, page-22898

Shorters wouldn’t be doing their job properly if they didn’t test the market. The traditional June tax selling dawdle is probably their last chance before RNU’s news flow starts blowing the market out of the water.

Besides @NamesLittle, I’m more concerned by your ‘ignoratio elenchi’ reaction. This seems way out of character, even for you. Therefore, I trust everything is going okay?

Topo’s point is clear. African nations are proving time and time again that they can’t be trusted. This time it’s the governments of Namibia and Zimbabwe, a few months ago it was Sudan, the list goes on. Just last week, Paladin Energy which has a 75% stake in a Namibian uranium project has had to allay SH concerns as it’s SP tanked.

BTW, it strikes me that a 25% stake for the African government seems fair. After all, it’s about looking after the communities of which you reside. Africa needs to build its infrastructural wealth and provide for its citizens. This ensures security of supply. So, rather than the 17% that some companies had negotiated, management might see fit to consider matching. It may move things along a bit quicker too.

Also, on the back of the overwhelming success of the US’s IRA initiatives, which has seen the ESG investment community pour huge sums of money into US projects, is the US-Australian Compact. It ensures that Australian raw materials will have direct access to these funds and tax incentives. African projects will not.

All the momentum is with the kangaroo! It’s just a matter of time.

AIMO, DYOR GLTA(patient)H