Don Coxe a well respected strategist from Canada has pointed out for years that investors should seek high quality assets in politically stable countries. if MR and the Martu can get this deal across then this company will certainly get more attention and create value for all involved. as for the comment on gaining exposure to companies in politically stable countries, the STB Ann should reinforce this as too should comments from Congo regarding project involvement that I saw on bloom berg last week:
The Democratic Republic of Congo may increase state participation in mining projects to 35 percent from 5 percent and raise royalties on mineral exports, according to a report obtained by the country’s business association. The 35 percent stake would be acquired for free and could not be diluted, according to the report, which was prepared for an inter-ministerial commission set up to revise Congo’s 10- year-old mining code. The report was given to Bloomberg by a member of the business association, known by the French acronym FEC.
RWD has outperformed STB and ELM for sometime now but these types of announcements from Africa suggest rotation is likely at least over the next few days.
RWD Price at posting:
87.5¢ Sentiment: LT Buy Disclosure: Held
