tuggeranong:I mean South Africa.And the reason it is the too...

tuggeranong:
I mean South Africa.
And the reason it is the too hard basket for me is sovereign risk. In particular the risk that the mining industry seems to be exposed to wrt the BEE programs and the potential for nationalisation of industries (esp mining) if radical political elements gain more power. THese issues were at the heart of the whole collapse of the NKP share price and I also believe that they are the reason why CCC is languishing when it should be flying - it ain't all down to PL!

Witness the difference in progress of companies in Botswana (e.g. AFR, DML), where sovereign risk is significantly less.

I actually believe that NKP, from the current depressed SP, represents a huge potential investment if you are prepared to wear the risk. I have enough risk in the rest of my portfolio I have decided I do not want to add more by buying back in here.

I genuinely wish you all well - if you make a fortune, you deserve it for taking the risk.

I'm not a holder of the share on this forum but you did ask......