Post by
tictactoe111 on May 10, 2024 3:40pm
The future of Goviex in Niger
Firstly Goviex is sat on one of the largest uranium deposits in the world and I think we have a situation where Niger are saying you've sat on it long enough so get the hell on with building the mine. Obviously finance is the issue given the amount of coups that go on but whoever sits in government desperately wants the significant revenues that it would throw off. It strikes me that the US and €urope are rapidly losing influence in the African continent as a whole so it wouldn't surprise me if either Russian or Chinese money steps in and enables Goviex the finance to build this mine. China especially are all over Africa financing roads, bridges, ports and investing in infrastructure. If it was a gold mine I would be far more concerned of confiscation but uranium mining is specialist and we have very well connected investors and management.
Obviously a risk, hence the shareprice in the toilet currently but I think we'll get confirmation of both financing and an official start date before long which will be music to the ears of both the Nigerien ruling party 'for that week' and investors. I don't see any side being daft enough to let one of the worlds largest uranium deposits sit idle, especially with increasing tightness in the market that looks as though it can only get progressively worse.