Wake up mate, sometimes people are entitled to understand what risks there are in a company in Africa. Oh yeah that 15% it is going to change the world that's for sure. You are so smart. Perth-based Sundance Resources is seeking a multi-billion dollar payout from the Republic of Congo after being stripped of its iron ore mining licence in the central African nation where China is casting a big shadow.Two other Australian-based companies have also had iron ore mining and exploration rights stripped by the RoC, which then awarded them to a mystery company with no history in the region. Perhaps you think the companies above are so happy they invested in Africa. Smell the roses mate you may lose the lot yet.
AVZ Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held