Posting contrary analysis to the one eyed bullish posts is not trolling. It provides food for thought and hopefully leads to better decision making.
From the article you linked...."In the Civil Service, cronyism, nepotism, and tolerance for serious conflicts of interest abound. The government declares that it is committed to fighting corruption, but appears overwhelmed by this daunting task, or complicit in the system of clientelism that harbors corrupt actors. In some extreme instances, civil servants blatantly violate laws and then offer bribes to State inspectors so that they are not investigated and prosecuted. It is a vicious cycle that perpetuates itself in an environment of apparent impunity. Officially, bribes are prohibited and the State has many institutions that are supposed to fight against systemic corruption. Cameroon has signed many international anti-corruption agreements, but the scourge continues to plague the civil service at almost every level with private companies paying a heavy price."
As another poster pointed out High Risk= High Reward. If Canyon pull it off the rewards will indeed be high as I am not disputing the resource. I think one could sit and watch for a year or so as I suspect progress will be much slower than indicated here by the more rosy eyed. Biya is not getting younger and internal frictions are rising Boko Haram adding to the Anglo/Franco tensions.
If you can afford to lose the amt you have invested...well good luck.
It will be interesting to get the boards views on sovereign risk at the agm.
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