questionable

Now i don't hold any stock in this one...

But I, familiar with its history from 2000 onward and its former director prior to this..

What astounds me is that the lease approval has been in limbo for 2 yrs...why...?

Other companies have had no problem having renewals approved pdn for example..

So is this a case of grubby official hands and someone not being prepared to pay or what..?

Small desolate nations like this one don't mind the outsiders coming in and doing all the hard yards for them..spend big boys ..we'll tell you later whether we'll cut you in for a piece of the action...mining approval pending...
..frankly 2yrs ...something is wrong here..
...did someone offend a local offical..these broken down poor nation local officals can harbour major grudges and screw one into the ground...good question..?
...So now niko resigns from his flagship company...other committments being the reason..just as they announced..."uranium"...
Now we know he's getting on in years ..so maybe its time for a rest...but since when did he jump ship when so much was coming to a head...at least volantarily...

The resouce market is diving at the moment ..how deep a dive it will be ..no one can know...but one thing is for sure...sentiment is waning very fast..and sentiment is what drives stocks to new highs...

The combination of doubts..suspicions and waning sentiment does not auger well...

RtM has been digging around this country for many years and has promised lots but to date has failed to deliver....its sister company rml formerly cop took many years to make inroads into the Phillipines...but eventually did deliver some encouraging results ....and share price rises...but upon reflection ...if you look at the reconstruction....then the price rise is not that significant...except for those who bought in after the reconstruction...and the subsequent dip in price..

Issues to consider...
many years digging holes and issuing reports that went nowhere...

leases that sit in limbo for 2 yrs....

.the mainstay of the company resigns upon URANIUM being found...ie Nikko...

Now followup report saying uneconomical...but more to come....

I'm and optomist...but that not that much of one...

Something smells in Africa...and its not the rotting flesh of the local wildlife of the greasy hands of the govt officals...

OPINION....risk too high...
al