this is just the beginning, page-17

"Subject this is just the beginning
Stock Code URA - URAN LIMITED
Posted 18/12/06 17:56
Posted by arttse
IP 58.179.xxx.xxx
Hotcopper Radio URA on BoardRoom Radio
Post #1442720 - 352 reads
Start of thread

Within the next 10 weeks, Uran will be announcing to the market at least a further 2 more Uranium projects (ready for production)...one in Kazakhstan and the other in Uzbekistan. Who knows there could be more than 2 in the pipeline.

Currently, Uran is doing their DD on these projects and have an option to buy or decline the offer.

This stock is beginning to look awesome now given today's announcement."

I don't want to dampen your enthausiam but just be careful - this part of the world is notat all friendly to western mining companies:-

15 August, 2006 - Reports from Uzbekistan say authorities have revoked the licence of Britain's Oxus Gold to develop a high-grade deposit of zinc, silver, copper, lead, and gold in southeastern Surkhandariya region's Sarasiya district, read the full story at http://www.rferl.org/featuresarticle/2006/8/25768794-2e63-4c10-ac3c-e32ba7870bbf.html

26 October 2006 news story: ....Oxus jv company in Kyrgyzstan, Talas Gold Mining Company, has had its Jerooy gold mining operations, where it was just about to complete construction on a $50 million extraction plant, taken over by the local military.

According to a Dow Jones newswire report, the head of the Kyrgyz state gold mining company, Kyrgyzaltyn, which had been Oxus' joint venture partner in Talas, has said that Oxus has no chance of having its license to operate the mine reinstated, because a new investor has already been awarded a new license to operate the mine. This new operating company, Jerooyaltyn, is a joint venture of an Austrian entity, Global Gold Holding GmbH, which is presumably acting on behalf of other partners who wish to remain anonymous at this stage, and Kyrgyzaltyn. Oxus claims it has spent $54.5 million on the project to date, not counting management fees and interest on bank loans.

Oxus is taking the confiscation of what it deems is its property to arbitration. But the head of Kyrgyzaltyn, Almazbek Jakypov, is reported as saying that Oxus's claim to be paid out for its investment was not valid as the company had invested in the operation without having the legal clearances to do so. This does seem a little disingenuous, given that Kyrgyzaltyn was Oxus's partner in the project and that the then Kyrgyz Prime Minister was present at the ceremony to celebrate the commencement of construction of the new gold plant.

In short, Oxus's experience in Kyrgyzstan demonstrates how volatile the risk for a western mining company to count on tax shelter agreements and up-front concessions, originally offered by desperate mining administrations, when investment was scarce, and the gold price much less promising. The autocratic character of the governments involved also means that, should arbitration find in Oxus's favour in these two disputes, there is no guarantee that the governments concerned will take any heed of the rulings.

Although Oxus' official position on the reports is that the “information is incorrect” there does seem to be an unhealthy pattern developing here which does not favour continuing investment in these countries by western-based mining companies. These companies are particularly vulnerable to government mood swings, exacerbated by high commodity prices which make their removal without compensation even more financially attractive to local politicians and businessmen.

26 October 2006, read the full story at:
http://www.mineweb.net/junior_mining/332712.htm