Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (10324)	4/30/2002 12:10:33 AM
From: Andrew	Read Replies (1) \| Respond to of 10482

Russia has such a bad rap and they need our investment dollars so bad that I doubt very much that any properties are gonna get taken away at this point. Most Majors are staying away from Russia as it is. How different is SA when SUF had their diamond deposit taken away. There is risk everywhere even in North America from the tree huggers.

To: bill who wrote (10324)	4/30/2002 9:16:12 AM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 10482

I don't think the country risk is nearly as high as it used to be in Russia. In addition, several of the former Muslim satellites have governments that appear to be very money driven and will take a royalty position on resource projects. I understand the concerns for property rights especially by foreign companies but most of these countries have no other way to attract capital and start the modernization process than by doing deals on their resource properties. I think you're going to see some aggressive and profitable deals done by many of the 'Stans. I think they know that sucking and blowing only works for Democrats. Speaking of liberals, if you want an example of confusing government economic motivation look at what Newfoundland did to Inco. Essentially the government exercised its rights to the resource without expropriating it while requesting certain guarantees from Inco with respect to providing employment. I understand that Canada is not really a democracy but this is beyond socialism. Pretty soon all the moose in Newfoundland, subject to those that get shot every year, will be working. From what I've seen in China the business deal requested usually guarantees that only a Chinese national makes any money. And Cuba, those resource deals are crazy.