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Gold/Mining/Energy : Tenke Mining Corp (TNK)

TNK 54.56

+0.4%

3:34 PM EST

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To: Gofer who wrote (207)	8/10/1998 3:31:00 PM
From: Gunnar	Read Replies (1) of 486

The Banro case. If this is a short war, 2-3 month, and Kabila stands as a winner Banro will have their concessions back along with excuses, but at the present stage maybe it is a well planed move from Kabila to threatened all foreign investors not to cooperate with the enemy, eventhough their holdings are in enemy territory. This is an action taken in a "chicken race" manner. Nobody knows who will win and now Kabila force investors not to talk with the enemy using a junior as a tool. I can understand that point of view, though I am glad that I don't have any shares in Banro. I think that it should be interpreted as a war action not a measurement of the business climate in the DRC for the time to come. On the contrary I think that we will see a more pragmatic and open standpoint from the gov when peace is there. It is to expensive to do otherwise. Regards, Gunnar

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