IMO, BDR is perhaps languishing because investors are weary of:
1: Dilma "The Witch"Rousseff being impeached
2: BHP & Vale being fined $7 billion over Sanmarco mine disaster
3: Petrobras loss sucks big time
4: Political corruption
5: South America is the continent of cocaine, money laundering, drug cartels etc.
5: Social instability due to high inflation
6: High criminal & gang activity
7: Even a Brazilian soccer player is telling people to stay home and not visit Brazil due to high murder rate.
Brazil ain't the perfect country to do business in, nevertheless BDR, IMO, is a good Gold miner and with the dire economic state of the world Gold is one of the few investments that offer financial safety and capital gains.
IMO, patience, balls and a positive attitude is needed. No RISK, No reward!
N.B. I am only surmising as to why the share price of BDR has not gone higher unlike other Gold miners e.g. SAR, NST & SLR
http://www.zerohedge.com/news/2016-05-11/brazilian-soccer-star-warns-olympic-visitors-stay-home-your-life-risk-here
IMO, BDR is perhaps languishing because investors are weary of:...
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