Very high risk? With Ernest & Young etc ,, formulating the parameters for the Commission and have expediated the process ( a director of another company involved in the DRC said he'd be happy if it took a month after Kisonga quoted 2 weeks for the letters to be sent out ) ,,, this bodes well as they're ahead of schedule and reputable independant legisaltors are doing all the work to ensure a climate of business confidence prevails going forward. A level playing feild for all, hypothetically, and we have some big hitters investing eg the chinese infrastructure deals and our macbank.
On top of this the IMF has the big stick out on the DRC regards continueing a financial subsidy pursuant to meeting some economic criteria. IT needs there support to reduce DRC's national debt which is substantial so the incentive is there to attract foreign capital via a fair and stongly enforced mining code. To do otherwise would be to shoot themselves in the foot.
I like the odds here with TGS,, the uncertainty is obviously holding the sp back,, which makes for a bargain.
TGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
