Hit the nail on the head SB. Latin America has significant sovereign risk, Chile particularly. Talk of significantly higher taxes on miners (medium to high probability) or nationalization of mines (lower probability but depends on which corrupt government is in this week).
Vale having trouble with workers strikes, seeking higher wages. BHP too.
Look at Hot Chili Sp of recent times. Chile based, went ballistic now in a substantial downtrend.
Cheers
MAN Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
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