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« Aurora Energy: A new discovery | Main | Khan Resources hits the come back trail »
Wednesday
Sep122007

Niger Uranium Ltd: Opens in London today

Niger Map 03sep07


Niger Uranium Limited makes its debut in London on the AIM Stock Exchange under the symbol URU.

Following the company's incorporation a few moths ago, it has already acquired the Niger exploration properties of UraMin Inc and of NWT Uranium Inc, which we understand are located in the same geographic area as Areva. The total area of exploration prospects is around of 1.67 million acres and are all located in the Tim Mersoi basin in Niger.

It will be interesting to see if the novelty value of company attracts enough investors to really boost the stock price. The London Stock Exchange does not have that many uranium stocks to choose from so the lack of choice could work in favour Niger Uranium Limited.

We do not intend to buy this stock for the simple reason that Niger is not the most stable place to invest in. We may be wrong but we see the unrest there as a barrier for us.

Niger Uranium will be placed on the Watch List and we will track its progress and report back.

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