Capital Fleeing Africa not Flowing into (e.g. Niger coup)Just noticed this headline article in the Market Herald in regards to the Pelangio project adjacent the Obuasi Mine.
Certainly no offence to Tony Makuch, however, in relation to this headline article, Are you Crazy??? in Africa???
Just look what happened this week to the signifcant haircut of GLO's market capitalization (about $400-Million) on account of the Niger coup, that is, the higher grade Uranium mine complex that is halfway through mine development/construction by Global Atomic Uranium (Roman's empire).
Sellers getting out is sending a clear message of scare capital (in times of high inflation) is heading back to the safer jurisdictions of North America, in particular, Canadian mining developments.
Already this week, Albemarle has moved rapidly (fast thinkers and movers) to secure its position of the North American prized Lithium discovery of PMET (Patriot Battery Metals) who have assembled an impressive practical team of "Operators" in very short order in comparison to the likes of its peers (e.g. Frontier Lithium).
Undoubtedly, the next prized North American Lithium development to be scooped up should be Frontier's (FL) multiple higher grade large tonnage discoveries from surface to depth (FL's discoveries are actually probably more valuable than PMET but few are aware of that fact, at this time). And it is likely to happen sooner than later and very cheaply on account that FL's management group has failed "miserably" in creating the appropriate valuation for the Lithium discovery's the Company's geologist's have proven up (and no doubt, probably worked very hard and steadfast to accomplish).
Clearly, the very large producers (Albemarle) are shifting a focus to Canada (= investment stability).
As Market Herald headline stated,
"A bright exploration project adjacent to the Historic Obuasi Mine"