political risk in philippines

I was wondering in anyone has any comments to make regarding their perception of the politcal risk in the Philippines with particular regard to the potential acquisition of Climax. I am a current shareholder in Lafayette who have been having a very rough time of it getting (back) into production at Rapu Rapu. I certainly appreciate the potential of the Climax/OGD merger, however given my experriences with LAF I am very wary of getting burnt in the Philipines once again.

Obviously, if LAF bites the dust CMX (and CMX/OGD) wont be looking too pretty either.

Comments on the local situation around Dinkidi/Luzon would be great...

cheers