Your extremely thoughtless remarks here as a non-owner almost seduce me into an answer, that I would otherwise not have made. I am sorry in advance, if owners here, including myself, might see this as a kind of cross-promoting, which is deliberately not intended.
First of all, you cannot compare ADD to VML, as it is a different type of raw material.
You also cannot compare it, since the country risk is not more closely comparable, Canada rank 68 vs. Tanzania rank 183,
(New Zealand rank 9, Australia rang 44 just only for comparison).
https://www.knowyourcountry.com/country-ratings-table"Our risk ranking tool has been designed to provide a measure of the money laundering risk of countries that your organisation might have client relationships with or doing business with."
I think your risk tolerance in your holding of IXR is more comparable to the risk of ADD, with ADD having the better ranking (Tanzania rank 183 medium vs. Uganda rank 198 higher risk.
The same you mentioned above, you wrote in your post as of
17/03/21
23:56
. I don't understand why you're so upset with VML, maybe just because IXR is a possible competitor to VML in a much, much more save country ?
I am also very risk tolerant, so you can see I am holding ADD too, but let all holders know, which is usually not my habit, that my position In VML is roughly 10 times larger than in ADD and the largest position from all my holdings in comodities. I'm sorry if not everyone likes this
.
You said "which prohibits me from investing one Tanzanian Shilling in VML".
Only for you and some other posters here to make it clear, it's much more than 100 million Tanzanian Shilling
without going into details and I am glad thereof, you know. Perhaps that one could go similar to ADN, where I hold some stocks too, just to describe the trajectory. But don't take this as financial advice, everyone has their own research to do !
So let us see, what will happen in the next 6 months. Tag this post as comparison to your holding in IXR vs. VML and perhaps to compare it with our holdings here in ADD.
I hope, we all will benefit in our stocks, maybe some punters more than others, but I am very, very happy with my position in VML and hope me and other punters here in ADD will enjoy the coming ride too. So have a nice weekend all.
(20min delay)