Morning Guys,Suck news and as a former RSG holder I commiserate...

Morning Guys,

Suck news and as a former RSG holder I commiserate with you today.

Whilst there may be some kind of redress for RSG, I think it is important for investors to join the dots here.

This is not the first issue between an Australian mining company and an African nation in recent months where mineral rights / assets were expropriated.

Whilst it is not yet known in this case, a trend seems to be developing where Australian interests are being rescinded in favour of Chinese companies.

I think this is part of the Chinese geo-political strategy to secure supply chains outside of the Anglo-Saxon 5 Eyes nations given the growing geo-political tensions and the increasing prospect of some form of conflict ahead.

Mining has a huge number of operational risks, and now investors must add the risk of these types of actions. It really does narrow the number of investable jurisdictions, or at least it means that position sizes based on jurisdiction need to be carefully considered, IMO.

Good luck, here.

Cheers
John