Paladin, the uranium miner, isn’t one we follow closely.
But the below, reminiscent of resource nationalisation, is all too evergreen, in mining, oil and gas, unfortunately.
It’s not as if BHP, or RIO, or NCM are totally immune to such risks and pressures. But there is something to be said for geographically “safer” mining exposures, as well as size. The bigger the better, usually, for us.
Junior gold minors often the worst, in terms of risks.
Note, Namibia is actually held out as a pretty safe, geography, but high prices, and difficult general macro backdrop, create some conflicts to alignment.
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