The report below is the start of a piece on BBC World Service from a day ago.
Irrespective of copper price, AISC, ore grade, debottlenecking, etc, we're caught up in the Big Daddy of investing: SOVEREIGN RISK. It''s inescapable, it can be final, it's always fraught, protracted, uncertain.
Not even worth averaging down now until this resolved.
Strictly bottom drawer material.
From the BBC:
"The Democratic Republic of Congo is at "extreme risk" of descending into widespread violence, the UN Security Council has been warned.
UN envoy Maman Sidikou said threats to the 18,000-strong peacekeeping mission there outstripped its capabilities.
Violent protests have broken out over the postponement of presidential polls.
The opposition accuses President Joseph Kabila of trying to cling to power beyond the end of his term, which is due to expire in December.
Dozens of people died in anti-government violence in the capital Kinshasa last month after the electoral commission said it could not hold polls in November."
TGS Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
