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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: peter snowdon who wrote (10353)5/7/2002 9:45:59 AM
From: geoffb_si  Read Replies (2) of 10482
 
JMO, but I wouldn't invest in a NEW deal in Russia or China. I would also be very cautious about investing in any of the Stans or predominately Muslim countries, stability being the concern. Especially if the company is a small junior without resources.

In many cases, Russia is for Russians, China is for Chinese, etc...

HOWEVER, I would CONSIDER investing in a company that has established a history (2 years or more) of production and profitability in Russia or other politically iffy countries. Albeit, still applying a political discount for these companies.

Bema falls in that class. High River Gold. I'm sure there are many other companies that have successfully established themselves in these countries, and might be worth an investment.

Review them on a case-by-case basis...

Geoff
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