Hi Riverred,
The fight between Rousseff and Lula versus the federal judge does not look good.
There is always a concern about political instability, however, I am not concerned.
Brasil had been hit by boom/bust cycles in commodities and political instability since the independence from Portugal in 1822, so , nothing is new.
The Brasil economy is relying heavily on exporting raw materials and the mining sector. The last thing they want to do is to scare foreign investors. It is hard for them as it is with the collapse in commodity prices, let alone trying to upset foreign investors. No one will dare to do so.
I see this as a noise and will be sorted one way or another.
So far, this saga plays in favour of Beadell through significant currency depreciation. The Real has lost more than half its value since 2011.
Tucano is located in the north, far away from the capital where riots and demonstration. The mine is safe from potential trouble.
Just remember, whenever there is trouble , gold benefits and local investors buy gold.
In short, I am not concerned, in fact I bought some today. I know it is premature, but I am accumulating.
My five cents worth.
Cheers,
Sydney
BDR Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
