Domum,
You wrote:
"Will I list the similarities.
-African venture,although not central Africa(as is avl) will still have that soveriegn risk(what a dirty phrase that is on the investment scene) associated with it".
Comment: The problem is that souvereign risk is not equal. IMHO, it is much less in Egypt which is a stable country. Comparing Egypt with the Congo is a bit far fetched, I think.
I would prefer to invest in Egypt rather than in the Congo. The risk factor in the Congo is higher, so the Bank wants more to compensate for it.
I don't think that GIP would have even taken AVL into account in any thinking about financing.
Investors are impressed by the business attitude of the Egyptian Government and their granting of exploration rights over their gold tenements to GIP.
Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.
post bfs; what happens next?, page-17
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