zuma speech raises south africa mines national, page-3

Mathias1,

LOL for crying out loud can you please settle down on your posting style??

Your warnings are unfounded and simply place unwarranted fear into any naive uneducated people out there.

Please do yourself a favour and go and have a read of what nationalisation means and how it effects companies.

Firstly GDO is a black company so it wouldn't be targeted near as much as a company that had no black participation at all for example.

BEE means that the government have a percentage of the company. GDO is BEE compliant.

Secondly when the government nationalise an already successful producing and revenue making company they have to pay for their share of the company to acquire it. They don't just steal the company and pay nothing for it. They could try but then there would be no further investment into that country and the country would essentially go into financial ruin because no other country or financial entity outside of SA would dare deal with them if that was the case.

It will never be the case that your shares will be worth zero.

I personally seriously think that you are best to sell your shares and move on to another company that best suits your needs.

The risk of nationalisation will always be there so don't bother posting anything else regarding it as it has been discussed to death before. You should go and check it out on the CCC thread sometime as well.

Cheers!

Champ