RE: I found this on the NSU formI agree with that post. My earlier comments on Nevsun:
I believe the price will trend downwards toward the $2-2.25 level again as the end of the month draws near. Year-end tax-loss selling will be a significant factor. Shorts may have taken advantage again after this last brief flurry but the share price won't spike as they cover - it'll be more of a "come to mama" approach on the bid side.
I offer the following prognostication as a complete guess:
I see this Eritrean gov't as being almost done consolidating control over virtually every aspect of the political and economic fabric of the country. This is textbook leadership in most African countries. I remember debating this point with my best friend in grad school who was a Nigerian diplomat. He simply said something to the effect of:
"You don't know what it's like to live among the various tribes, religions, lawlessness, malnourishment, ignorance and poverty that is our reality. Force is what earns the respect for governance in these conditions. Benevolent dictatorship is what benefits our people most. I don't expect you to understand."
He was a very intelligent individual. The few Eritreans I've met are generally very well-educated, very loyal to Eritrea and tremendously determined to help their country progress economically.
While being virtually totally ignorant of Eritrean domestic affairs, I would venture a guess that mining will resume operations in Eritrea reasonably soon following this consolidation period. The terms may change, but companies deemed to be operating in areas of strategic economic importance going forward will have the full support of the government and protection through the military as necessary.