summit are fishing, page-2

After reading the report that Kevdd1 posted on the SMM site it seems to me that PDN see fantastic value in the Valhalla/skal prospect and are trying to snaffle it on the cheap.
The report mentioned it as having the potential to be one of the worlds great uranium mines and PDN obviously see this because they are prepared to have 50% but no management rights.
PDN needs another mine outside Namibia to take advantage of the uranium that is going to be required by China as well as others and the sovreign risk in Africa is high although Namibia seems o.k at the moment. However just look at some of the S.American countries like Venezuela to see how a change in Govt can alter things overnight for overseas owned resource companies.
I dont see SMM as fishing - more likely it knows it is sitting on a world class resource and is only wanting to ensure its rights under the j.v are not prejudiced.
I hold shares in SMM and PDN and think regardless of the legal outcome both have considerably more to add to their S.P.
Interested H,Coppers should take the time to read the report that Kevdd1 posted . I dont know anything about the author but it is an eye opener for all of involved in the Uranium sector