Mali coup de-risk/ high reward

Resolute and other big gold mining companies like Barrick have been mining in Africa for a long time. They all came out with statements saying business as usual .

The coup leaders have been well organized and all of them received training in USA or France or Russia. I personally wouldn’t be surprised if they had the green light to do the coup.
There was no drop of blood shed.
They were so quick in ordering businesses to open.
They opened Mali’s borders from Friday midnight
They were so quick to meet civil societies and opposition parties and indicated they want a transition government as soon as possible.
They have sent a reassuring message that they will respect international agreements.
They need the support of major powers
The French anti- terrorism, the UN peace keeping force and the Americans are still on the ground in the Centre and North keeping the Jihadist at bay.
The ECOWAS is meeting with the coup leaders today and a solution will be found like last coup eight years ago: A successful meeting
. Means a spike in share price by 10 %

The half year results on the 28th of this month will demonstrate how good the business is and the potential to go beyond $1.70 level Goldman Sachs is calling for.

Is there a risk, yes but nothing new and life will go back to normal. This is Africa.

I don’t believe this scare campaign of nationalization. No one is taking about from the coup leaders. They need the gold companies that contribute nearly 10 percent to the GDP. They don’t have the expertise to run these companies and certainly they need foreign investment.

I sold my entire holdings upon the news of the coup at $1.26,$1.24 and $1.225, however I rebought more than my previous holdings at $1.09, $,1.105, $1.115,and $1.12
I have done my research and became so convinced that when the dust settles, I will thank the opportunities to make tons of money more than my losses.
I will remind you of this post when we are above $1.30 by end of the month.

Good luck to the brave investors.

My thoughts only.

Cheers, Sydney