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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (3057)	9/19/2002 7:58:42 PM
From: E. Charters	Read Replies (1) \| Respond to of 8273

Don't see the political risk in Cuba. Nationalization uncertainty is zero, upset of regime probability is low, and even if they did upset, the company and deposit would survive. The silver area has no US claim problem. The big problemo with Cuba is the US embargo which is based on perceived loss due to socialistic land expropriation. This of course ignores the inequity of where they got the land in the first place in the corrupt Batista and pre Batista days. One thing Castro did right is gradually to edge the cartels out of the game. The joke being that the Lansky fronted gambling concessions that were ruling the roost there prior to Castro were at far more honest houses than the widespread shell games that preceded them. EC<:-}