what do you mean by no hope leng?
You mean, in your opinion, its basically all over, and theres nothing, nada, zero, to be salvanged?
You should sell your shares then for what ever you can get as soon as it opens, despite what ever compromise to the rights deals range is able to negotiate???
Maybe you're right.
I would word, that, we'll have to look to what arrangement or compromise is actually reached before writing them off.
I would add, that while it is taken by range as hersi prefered, doesnt mean that greed, will not win the day, with farole rationalising that the more advanced the players are, the sooner he can personaly realise the untapped wealth of his homeland.
Alternatively, he may opt to put things back a few years, and really sh!t out of luck trying to find any major to step in, to do the work, and have the rug pulled out from under them.
If all he wants is just more chaos, then sqaush the range deal. Confidence is a fragile thing, and it will take more than just a couple of years if it is seen that deals can be collapsed by a change of goverment.
Who, what major will step in to take Ranges rights in any sort of re-tender? and with what faith do they then treat the value of the paper it is written on???
i dont know.
I hold it they pull it off, but dont consider it any part of my protfolio in which i count apon.
cheers
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