business strategy, page-2

G'day NZ_Andy.
I would totally agree with you on this point.
Years ago I bought into a startup gold mining company in OZ called Republic Gold.
What attracted me was that they were going to be producing in a very short time, but most of all, it fitted in with my most important criteria which is "Soveriegn risk".
Well, as far as I know they are still not producing but worst of all they started chasing gold in Bolivia. STREWTH, BLOODY BOLIVIA of all places!!!!!! They got involved with Canadian partners to share costs etc, and the partners went belly up or something or other and it turned out with the results I expected.
But Africa??!!!, most African countries make Bolivia look as stable as Switzerland in comparison.
Surely there are plenty of ops here in OZ, even if they do not look quite as attractive profit wise, but at least you won't have some warlord or dictator trying to take the mine over once all the money has been invested.

Kind regards

Lockitt