Ahhhh, hope you sold the rest of your MDL stock. hear that the Chinese are entertaining the africian leaders with a view to getting them to nationalise all mineral and oil deposits to give China exclusive control over supply. china doesnt want to be at the mercy of the Rios or BHPs anymore.
MDL aint something I'd invest given the level of soverign risk attaching. glencore has got screwed big time in Boliva and in Zambia. and glencore aint a two bit player that MDL is.
Senegal is one those currupt countries where investing in would be a very very high risk. Unless they can get their money out within 6 months, the risk is to great.
Nationalisation is the new word that every investor in a foriegn country will need to worry about. not only that but the agreements arnt worth the paper they are written on. new taxes can be applied at any time. dont know why MDL's investment would be any safer.
a coup, change of goverment and MDL's fantastic investment is down the tubes.
MDL Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Not Held
