CDG 0.00% 7.0¢ cleveland mining company limited

I have a thought on CDG after hearing the BBC news last night....

  1. 294 Posts.
    I have a thought on CDG after hearing the BBC news last night. And it doesn't just affect CDG !

    Sovereign risk has suddenly become an issue is Brazil with the currency tanking and new taxes being invoked. This is happening to a different extent to the BRIC's economies.

    Sold out this morning with a 20% profit but very disappointed that Brazil is having to take drastic measures to try and prop up their currency. CDG was looking (and may still be) a really great buy, given the gold and iron ore investments.

    Just because I consider the sovereign risk too high now(from low risk just last week!) doesn't mean you have to look at it that way.

    All things financial are changing so quickly.

    DYOR
 
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