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Gold/Mining/Energy : Steppe Gold (SPE:V)

SPE 15.42

+0.7%

4:00 PM EST

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To: Moot who wrote (797)	3/25/1998 5:02:00 PM
From: marcos	Read Replies (1) of 1248

OK, Moot - you're on to something here - Standard Bank would have likely determined its assessment of political risk before spending time and energy on intensive due diligence. Good point. But from the standpoint of the individual speculator, I still object to the adjective 'inane' being applied to observations of possible political risk, a pattern of outright banditry having been observed in the recent past. As for other jurisdictions having greater risk - Agreed. There is no way I will consider an investment in British Columbia under the current regime, for instance. As a citizen and a resident the risks are all too clear to me. I far prefer other provinces, the NWT, M‚xico, Venezuela, Mongolia, and yes - Kazakhstan. Hope we hear from John on your dilution point ....... cheers ...... marcos

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