yep, sovereign risk everywhere, I remember jumping in WHC in early March last year @ 70 odd cents and then got stopped out when protesters didn't allow them to clear the Leard State Forest in NSW to make way for its Maules Creek Mine and the SP came down to mid 50's, of course it then went on to go to $3+ as coal hit some form(provided me some trades along the way but I sure learnt Australia is far from safe from sovereign risk and wasn't game to stay for long periods in that stock from that point on).
Same was said about PSC in Zimbabwe, oh Zimbabwe this Zimbabwe that, ra ra ra, yet they look like they are gonna get to production at this rate.