MGO marengo mining limited

resource nationalization

  1. 1 Posts.
    Anyone have any thoughts about the risk of resource nationalization to MGO?
    I own a chunk of MGO and am thinking about selling after what just happened to my major position in Herald Resources. Follow the threads on HER and you will see how a corrupt political regime can hijack your years of diligent investment and patience just to steal it in the end. Find a local company who lusts after your hard developed resource asset, get the authorities to delay the permit until ready for production then put in a hostile blackmail bid.
    "Our company is much more capable of acquiring the required permit since we are locally connected"
    Wala, we just stole your project for a song.
    Is this in Marengo's future? It is just what happened to Herald over in Indonesia.
 
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