That sounds pretty rational. One of the
factors for the low price of the stock
was the simple fact it is in Boliva. I
noted my uneasiness over that in one of
my first posts (may have been on the 1k/wk
thread tho)...anyway, I think the blurb we
got about GE dozers helping out in a local
community was kind of comforting. If this
company builds something down there, creates
some jobs, the fact that it is in Boliva
shouldn't matter. I assume getting the gold
to market is figured out, I mean, if you're
a tourist on some back road down there you
are probably not any more likely to see
bandits than in L.A...if you are a company
doing good business down there you're even
less likely to be at risk.
I guess if I had a point to make, it
would be that the "Boliva" factor
may be overstated. I made a crack
somewhere that you just have to give your
heavy equipment operators shotguns, that was
kind of stupid: The Bolivians are good, hard
working people like anywhere, with the
smattering of wild-west bandits you have to
expect in a country as desperately poor as
they are.
I hope the company mines lots of gold, puts
a bunch of Bolivians to work, injects some
money into the local economy down there etc.
As far as the share price is concerned, it'll
be a few pennies or a few dollars a year from
now, I'll take the risk. |
