Every stock has risks associated with its operations, be it sovereign risk or risks associated with the mineral. Look at the company you have chosen to invest in in Canada. The diamonds are tiny specks, and when they do find a reasonable stone at around 1 to 2 carats, they have been all off-white, which is the most undesirable colour. Why then is the company wasting shareholder funds by continuing to drill a kimberlite which has all the hallmarks of being a dud?
LOM has arguably the best diamond concession in the world, but yes there are sovereign risks, but that's been clearly factored into the current share price. That said, it's not as situation unique to LOM. Look at what has happened to LIN in the Philippines and AVQ in the Solomon Islands.
An enlightening read, page-15
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