"KGL had a great asset in Andash but couldn't overcome the political risk. Most I have been in previously (in fact all from memory) always overcame this problem"
I just remembered one stock that I had to take a loss on because of political risk despite a good asset.
I sold NKP a few years ago when the South Africans started getting too vocal through the youth wing of the ANC on kicking out foreigners. The situation only worsened after I sold with the mine riots and killings.
Much less stressful to invest at home especially when the potential returns look strong. I might take an occassional punt on overseas exposure but with plenty of caution and not too much capital.
MNC also appeared to suffer from political risk, but then also from funding risk but atleast I managed to get a 50% profit on that one courtesy of a certain newsletter buy recommendation at way too high a price above the last trade. I was happy to take that profit as it came around the time I was getting cautious on anything with large funding needs.
On the flip side, the best performers I had bought that did very well despite warnings about their risk were AND and EQN.
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