daytrade diaries... monday part 2, page-60

  1. 1,227 Posts.
    justinp

    RE: RRS Puntland is in NE Somalia. I would not touch the stock with a 100km long barge pole. If you knew what the situation in Somalia was like you wouldn't either. Just my opinion. Do some research regarding Somalia- I doubt very much that the company will be able to operate consistently, safely and cheaply in Somalia. They don't even have a public service or any real form of gov't. It's run by warlords, bandits, clan leaders and local Imam's, with huge power struggles being part of the landscape.As a result security of tenure and contract law enforcement do not exist, and therefore there is little foreign investment to speak of
 
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