sovereign risk is the problem imo

Hi all.

I have been a s/h this time for about 2 months, I have
been a s/h before and done money, I bought back in on
the revised offer and thought I can pick my losses up
and make some, but now I doubt it very muck.

I have been watcthing with interest the debating going
on here and have come to the conclusion I would take the
offer of 45 Cents.

When the revised offer was made, I thought to myself
here goes the chinese again they are going to do to SDL
what they done to linc energy about five to six years ago
and it is looking more like it every day, but I did buy,
with this delay I smell a bigger rat, they will either
make another revised offer down or pull out and make us
s/hs suffer and come back in at another time later and
make a even smaller offer, the reasons for my belief are
posted below.

Sovereign Risk

With African countries taking a bigger slice of all
resources in their countries.
Examples, Ghana 50%, Mali 49%, Burkina Faso 38%,
Guinea 60%, Cote d,ivoire 38%, Liberia 42%, Senegal47%,
Sierra Leone 52%, Now these figures are made up of
Taxes, Duties, Royalties, and any take from equity
ownership, the above works out at an average of 47%,
Now with the Democratic Republic of Congo recently
enacting Extra Taxes & Royalties, I am not sure what
these rates are, all I can say they will concern
investment decisions, wts I wait in anticipation of
Cameroon joining the party, its happening in asia
Sth America and its going to happen everywhere,
So what I am saying is the Chinese have had second thou
and are preparing a lower offer for the reasons stated
above, if the taxes are too big, then it would be better
and cheaper to just import the ore from the big three.

Just my thoughts, and by the way there will not be
another bidder, so with that said, I am selling out at
another loss, and its not nice, but better still
having some cash now than a lot less down the track.

Goodluck to you all.
Cheers.
Simmo.